Adani Portfolio Credit Update Q3 FY25 February 2025

Adani Portfolio credit update for Q3 FY25 presenting risk evaluation across asset, funding, and cashflow dimensions. The portfolio demonstrates strong business performance with contracted EBITDA representing ~70% of total, leverage maintained below 2.5x EBITDA, and liquidity reserves exceeding 20% of borrowings, indicating disciplined financial management across Adani's diversified portfolio companies.