Adani Airport IPO In Pipeline, Listing Likely by 2027, Claims Report

Adani Airport IPO Plans: The billionaire Gautam Adani-led Adani Group is reportedly planning to list its airport unit, Adani Airport Holdings Ltd (AAHL), by 2027, claimed a Bloomberg report. The report added that this move is part of the conglomerate's ambitious plan to invest $100 billion (around Rs 85.61 lakh crore) across businesses over the next few years.

Alongside its plans to list the airport business, the Adani Group has ramped up its capex strategy and aims to invest $100 billion over the next five to six years instead of the previously planned 10-year timeline.

To fund this massive capex plan, the group plans to raise about $30 billion from both domestic and global markets. The rest will be funded internally, with $50 billion expected to come from its already listed companies. By 2030, the group is also counting on new assets like airports, roads, and renewable energy projects to generate an additional $20 billion.

According to the executive cited by Bloomberg, most of the investment will go into expanding the group's energy, logistics, and infrastructure businesses. The executive also revealed that the group's metals business could potentially be listed by 2030.

About Adani Airport Holdings

Adani Airport Holdings, a wholly owned subsidiary of Adani Enterprises, is currently India's largest private airport operator. It commands a 23 per cent market share in passenger traffic and 33 per cent in air cargo, according to the company's latest investor presentation.

Adani Enterprises shares closed at Rs 2,543.70 per share on the NSE, down 1.45 per cent against previous close.

The company manages seven airports across the country, including Ahmedabad, Lucknow, Mangaluru, Mumbai, Guwahati, Jaipur, and Thiruvananthapuram. One more in Navi Mumbai is on the cards.

Adani Airport FY25 Performance Highlights

According to the investor presentation, the company handled 9.6 crore passengers in FY25, up 8.4 per cent year-on-year (YoY) from 8.9 crore in FY24. This included 7.33 crore domestic and 2.27 crore international flyers.

In addition to passenger footfall, air traffic movements rose to 6,53,000, a 9.9 per cent annual increase, while cargo volumes touched 90 lakh metric tonnes, up 12 per cent from last year.

Adani Airport FY25 Financial Results

The company saw a 51 per cent jump in revenue to Rs 10,771 crore, as against Rs 7,103 crore in FY24. Its operating profit (EBITDA) rose 30 per cent to Rs 3,251 crore, from Rs 2,504 crore in FY24.

The airport handler's Regulated Asset Base (RAB) grew 10 per cent YoY to Rs 11,400 crore, from Rs 10,370 crore in the previous fiscal year.