- Operational EBITDA grew 10% YoY to Rs 1,213 cr
- Cash Profit (excluding one-time) of Rs 731 cr, up 16% YoY
NE BUSINESS BUREAU
AHMEDABAD, AUG 4
Adani Transmission Limited (ATL), the largest private transmission company in India and part of the globally diversified Adani portfolio, on Wednesday reported a total income of Rs 3,249.74 crore in the first quarter of the current fiscal, which was Rs 2,935.72 crore in the same period last year
The company’s consolidated net profit after tax (PAT) was Rs 168.46 crore for the quarter ended June 30. The consolidated PAT of the company in the year-ago period stood at Rs 433.24 crore..
Expenses were at Rs 3,582.59 crore as against Rs 2,380.14 crore earlier.
In a separate statement, the company said, “The consolidated profit after tax (PAT) in Q1FY23 ended lower y-o-y. It is not comparable due to Rs 288 crore one-off income (Rs 238 crore net-off tax) in Q1FY22 and adverse forex movement of Rs 185 crore in the current quarter.”
Anil Sardana, MD and CEO, Adani Transmission Limited, said, “ATL is constantly evolving and is already a significant player in the T&D sector. ATL’s growth trajectory remains firm despite the challenging macro environment. Our pipeline of projects and recently operationalised assets will further strengthen our pan-India presence and consolidate our position as the largest private sector transmission & distribution company in India. ATL is consistently benchmarking to be the best-in-class and is pursuing disciplined growth with strategic and operational de-risking, capital conservation, ensuring high credit quality and business excellence with high governance standards. The journey towards a robust ESG framework and practicing a culture of safety is integral to our pursuit of enhanced long-term value creation for all our stakeholders.”
According to the statement, the company recently completed Rs 3,850 crore primary equity transaction with International Holding Company (IHC).
It also announced acquisition of Mahan Sipat Transmission Line from Essar Power for Rs 1,913 crore. The transaction will add 673 ckms (circuit kilometers) to ATL’s operational portfolio.
Financial Highlights – Consolidated (Transmission and Distribution(2))
| Particulars (Rs Crore) | Q1FY23 | Q1FY22 | Change
YoY % |
| Revenue(1) | 3,049 | 2,499 | 22.0% |
| Operational EBITDA(1) | 1,213 | 1,107 | 9.6% |
| Total EBITDA | 1,326 | 1,496 | -11.4% |
| PAT# | 168 | 433 | -61.1% |
| EPS (Rs) | 1.50 | 3.39 | -55.7% |
| Cash Profit (excluding one-time) | 731 | 633 | 15.5% |
Segment-wise Financial Highlights
| Particulars (Rs Crore) | Q1FY23 | Q1FY22 | Change YoY % |
| Transmission | |||
| Operational Revenue(1) | 836 | 757 | 10.4% |
| Operational EBITDA(1) | 767 | 701 | 9.5% |
| Margin (%) | 92% | 93% | – |
| Total EBITDA | 810 | 1,013 | -20.0% |
| Distribution(2) | |||
| Revenue | 2,213 | 1,742 | 27.0% |
| Operational EBITDA | 446 | 406 | 9.8% |
| Total EBITDA | 516 | 484 | 6.6% |
Segment-wise Key Operational Highlights
| Particulars | Q1FY23 | Q1FY22 |
| Transmission business | ||
| Average Availability (%) | 99.2% | 99.8% |
| Transmission Network Operationalised (ckm) | 372 | 207 |
Distribution business (AEML) |
||
| Supply reliability (%) | 99.99% | 99.99% |
| Distribution loss (%) | 6.95% | 6.88% |
| Units sold (MU’s) | 2,560 | 2,036 |
