{"id":145453,"date":"2023-05-09T03:29:37","date_gmt":"2023-05-09T07:29:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=145453"},"modified":"2023-05-09T03:29:39","modified_gmt":"2023-05-09T07:29:39","slug":"adani-enterprises-ltd-q4-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/adani-enterprises-ltd-q4-fy23-earnings-conference-call-insights\/","title":{"rendered":"Adani Enterprises Ltd. Q4 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Adani Enterprises Ltd. (ADANIENT) Q4 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:03:21] ADANIENT said that for the first time EBITDA of incubating businesses grew by 375% to INR 5,043 crores, higher than the operating business EBITDA of INR 4,982 crores, which grew at 36%.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:09:22] Nikhil Abhyankar from ICICI Securities asked about the capex plans for FY24. Robbie Singh, Group CFO said the total capex for next year at exchange rate of INR80 is about $3.8 billion. This includes $2.1 billion for transportation; airport and road, $800 million for data centers and utilities, and $1 billion for materials.<\/li>\n<\/ul>\n<ul>\n<li>[00:10:54] Nikhil Abhyankar of ICICI Securities enquired about green hydrogen plant\u2019s update. Robbie Singh, Group CFO replied that Green hydrogen plant projects are ongoing with expected ramp-up of capex starting in financial year &#8217;25 and &#8217;26. The focus is currently on committed capex for the next 12 months due to a market decision. Ramp-ups will increase slightly towards 2030. Plans are continuing in the core, infra, energy and utility sectors.<\/li>\n<\/ul>\n<ul>\n<li>[00:11:57] Nikhil Abhyankar of ICICI Securities queried if sales will double in the coming year with the 3.5 gigawatt solar manufacturing capacity and what kind of margins are expected. Robbie Singh, Group CFO answered that the goal is to complete an integrated program for producing low-cost hydrogen. The Integrated Manufacturing division plans to sell to third parties at a 20-25% margin, but the larger objective is to control input costs by finishing the integrated facility.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:21] Nikhil Abhyankar of ICICI Securities asked about the production targets for domestic mining operations and Carmichael and the revenue and EBITDA for Carmichael in 4Q23. Robbie Singh, Group CFO said 4Q23 EBITDA for Carmichael was INR780 crores and revenue was INR 1,746 crores. Domestic mining target for next year is 40 million tonnes and 12 million tonnes for Carmichael. However, there are challenges to be faced in achieving these numbers.<\/li>\n<\/ul>\n<ul>\n<li>[00:17:01] Apoorva Bahadur from Goldman Sachs asked why ADANIENT not participate in the second phase of PLI for integrated module manufacturing when the plan was to extend it until 10 gigawatts. Robbie Singh, Group CFO said the company is comfortable with the current plan for the integrated facility and has sufficient capacity planning for integrated solar lines and wind turbine facility. Participation depends on the business case.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:02] Nirav Shah from GeeCee Investments asked about the debt levels this year and the expected repayment schedule. Robbie Singh, Group CFO clarified that the net debt number has not changed between this year and last year. The net debt to EBITDA is 2.2x.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:01] Rohit Natarajan with Antique Stock asked about the guidance of IRM for FY24. Robbie Singh, Group CFO said the company expanded across the country, prices have corrected, but volumes won&#8217;t drastically decrease. Market share will be higher than last year, but future numbers depend on imports in the next financial years.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:53] Rohit Natarajan at Antique Stock qaueried about the expected coal grade, stripping ratio, and EBITDA for the new commercial mines that were won recently. Robbie Singh, Group CFO said the commercial mine is a combination of underground and open cast mines with a declared capacity of 5 million tonnes. At least 5 unexplored blocks require exploration and finalization of agreements for mining peak capacity. It is too early to provide a reasonable number on peak capacity and contribution.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:36] Rohit Natarajan of Antique Stock asked about the roadmap for increasing the portfolio from 5,000 to 12,000 kilometers by 2026. Robbie Singh, Group CFO replied that the company has a projected number based on its current best estimate of bidding and other opportunities in the country.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:46] Prateek Kumar from Jefferies asked about the updates on new airport additions and the recent privatization of airports. Robbie Singh, Group CFO \u00a0said the company has a network plan and are targeting airports. ADANIENT has only heard that aero privatization will continue and there may be timing changes.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Adani Enterprises Ltd. (ADANIENT) Q4 FY23 Earnings Concall Management Update: [00:03:21] ADANIENT said that for the first time EBITDA of incubating businesses grew by 375% to INR 5,043 crores, higher than the operating business EBITDA of INR 4,982 crores, which grew at 36%. Q&amp;A Highlights: [00:09:22] Nikhil Abhyankar from ICICI Securities asked [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Adani Enterprises Ltd. Q4 FY23 Earnings Conference Call Insights #ADANIENT #Q4 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8206,10169],"class_list":["post-145453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-conglomerates","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":142539,"url":"https:\/\/alphastreet.com\/india\/adani-enterprises-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":145453,"position":0},"title":"Adani Enterprises Ltd. Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 22, 2023","format":false,"excerpt":"Key highlights from Adani Enterprises Ltd. (ADANIENT) Q3 FY23 Earnings Concall Q&A Highlights: [00:06:26] Nikhil Abhyankar of DAM Capital enquired that after the recent events, if ADANIENT is still going ahead with the capex plan for the renewable segments. Robbie Singh CFO said that there are couple of changes taken\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179383,"url":"https:\/\/alphastreet.com\/india\/adani-enterprises-ltd-adanient-q3-2026-earnings-call-transcript\/","url_meta":{"origin":145453,"position":1},"title":"Adani Enterprises Ltd (ADANIENT) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 3, 2026","format":false,"excerpt":"Adani Enterprises Ltd (NSE: ADANIENT) Q3 2026 Earnings Call dated Feb. 03, 2026 Corporate Participants: Robbie Singh \u2014 Chief Financial Officer Analysts: Mohit Kumar \u2014 Analyst Mahesh Patil \u2014 Analyst Manish Somaiya \u2014 Analyst Prateek Kumar \u2014 Analyst Dhananjay Mishra \u2014 Analyst Presentation: Operator Ladies and gentlemen, good day, and\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132632,"url":"https:\/\/alphastreet.com\/india\/adani-green-energy-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":145453,"position":2},"title":"Adani Green Energy Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 9, 2022","format":false,"excerpt":"Key highlights from Adani Green Energy Limited (ADANIGREEN) Q1 FY23 Earnings Concall Q&A Highlights: Apoorva Bahadur from Investec asked about the aggressive pump hydro plans and the capacity the company is planning to build and the timelines. Vineet Jain CEO replied that the company has just started working on pump\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128557,"url":"https:\/\/alphastreet.com\/india\/icici-securities-ltd-q4-fy22-earnings-conference-call-summary\/","url_meta":{"origin":145453,"position":3},"title":"ICICI Securities Ltd Q4 FY22 Earnings Conference Call Summary","author":"Praveen","date":"April 21, 2022","format":false,"excerpt":"https:\/\/youtu.be\/kFbfEMTDLhw Key highlights from ICICI Securities Ltd (ISEC) Q4 FY22 Earnings Concall Q&A Highlights: Kashyap Javeri from Emkay Investment asked about the budgets that were 2x compared to FY21. 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Hardik Dhebar CFO replied that there is likely to be a slight delay and in 4Q23 the vessel is expected\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141510,"url":"https:\/\/alphastreet.com\/india\/adani-enterprises-q3-fy23-consolidated-revenue-jumped-to-%e2%82%b926612-crore\/","url_meta":{"origin":145453,"position":5},"title":"Adani Enterprises Q3 FY23; Consolidated Revenue Jumped To \u20b926,612 Crore","author":"Hardik Bhandare","date":"February 14, 2023","format":false,"excerpt":"Adani Enterprises Limited (NSE: ADANIENT) reported Revenue from Operations for Q3 FY23 of \u20b926,612.23 Crore up from \u20b918,757.87 Crore year on year, a growth of 42%. The Consolidated PAT of \u20b9739.88 Crore, compared to \u20b91.80 Crore in the same quarter of the previous year. The Earnings per Share is \u20b97.21\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/145453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=145453"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/145453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=145453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=145453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=145453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}