Adani Airport Holdings Plans IPO in 2-3 Years, Eyes Growth in Key Areas
Adani Airport Holdings Limited (AAHL), the airport unit of the Adani Group, is targeting an initial public offering (IPO) within the next two to three years. Jeet Adani, Director of AAHL, outlined the company’s focus on three key areas before proceeding with the IPO: the commercialization and stabilization of Navi Mumbai airport, city-side development around airports starting in 2028-29, and significant growth in non-aeronautical revenues, which have already tripled since the business’s inception.
Adani stated that once these strategic milestones are achieved, AAHL’s EBITDA, currently at $300 million, is expected to rise to between $1 billion and $1.5 billion, which will make the IPO viable. He also discussed the mixed impact of airline consolidation in India on airports, highlighting both opportunities and risks for AAHL.
The Adani Group has seen strong performance in FY25, with Adani Enterprises Ltd posting a 2.5-fold increase in net profit to Rs 3,196 crore in the first half of the fiscal year, driven by growth in AAHL and Adani New Industries Ltd. Revenue also increased by 14% to Rs 49,263 crore during the same period.
