Adani Group stocks rise 5-6% on D-Street after FY21 annual report

Adani stated that the return to equity shareholders (PAT) increased by a significant 166% on a year-on year basis (H9,415 crore in FY 2020-21).

Jun 21, 2021 03:06 IST India Infoline News Service

Adani Group stocks were in the fast lane despite a volatile markets trend on Monday. After a free fall for most of last week, Adani Group stocks have finally seen a revival after the Group presented the annual report for FY21.

At around 3.08 pm, Adani Enterprises was trading at Rs1558.30 per piece up by Rs70.45 or 4.74% on Sensex. Adani Ports climbed 5.4% at Rs744.90 per piece.

Meanwhile, other Adani stocks such as Adani Power, Adani Transmission, Adani Green Energy and Adani Total Gas hit 5% upper circuit.

In the annual report for FY21, Adani Group, Chairman Gautam S Adani said that "not only has the Adani Group emerged as India’s benchmark for market leadership in difficult times, we have also broadcast our organisational ability to rapidly pivot in the right market direction. These traits exemplify the resilience of our diversified business across sectors, industries, and geographies."

The Chairman highlighted that capacity addition, sweating of assets, and a relentless focus on operational excellence and efficiency ensured that the EBITDA of our listed portfolio registered a year-on-year growth of 22% (Rs32,337cr in FY 2020-21).

Further, Adani stated that the return to equity shareholders (PAT) increased by a significant 166% on a year-on year basis (H9,415 crore in FY 2020-21).

"All Adani portfolio stocks gave returns over 100% and outperformed the index by a significant margin (Nifty-50 gave a return of 71%)," Adani added.

He said, "While we can look back and feel satisfied about our results, I believe that the real phase of accelerated growth of the Adani Group as an entity that benefits from having a portfolio of companies with several strategic adjacencies, is only now gathering momentum. This helps us bridge the B2B to B2C gap in unique ways and will encompass our new businesses like Airports, Data Centres, Defence and several others."

Moreover, Adani said, "What we have built over the past two decades is India’s largest integrated and yet diversified infrastructure
business that is now manifesting itself as an integrated ‘platform of platforms’ and moving us closer to unprecedented access to the
Indian end consumer. I know of no business model akin to ours with access to an unlimited B2B and B2C market over the next several
decades."

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