Adani Transmission Ltd's Q4FY18 consolidated net profit rises 58.35% yoy to Rs150.27cr : In-line with Estimates

The company’s consolidated revenue stood at Rs809.90cr, down 3% yoy

May 10, 2018 09:05 IST India Infoline Research Team

Adani Transmission Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 809.9 [3.0]
EBITDA 490.6 6.6
EBITDA Margin (%) 60.6 544
Net Profit (adjusted) 150 58.3
***EBITDA margin change is bps


Reco. Price


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Adani Transmission reported strong earnings growth for Q4FY18, despite a slight revenue decline. Revenue fell by 3% yoy to Rs810cr. EBITDA stood at Rs491cr, up 6.6% yoy. EBIDTA margin expanded by 544bps yoy to 60.6%. Net Profit stood at Rs150cr, up 58.3% yoy
  • Operational Performance Network availability ranged from 99.83% to 100% in Q4FY18.
  • Operational EBIDTA margin for the Transmission business stood at 91% in FY18.
  • In Q4FY18, the company received a Letter of Intent from PFC Consulting Limited on BOOM basis for the “Fatehgarh-Bhadla Transmission Limited” project. The project has ~200ckt Kms of line at a voltage of 765kV and 1 substation at a voltage level of 400 kV.
  • The company completed the acquisition of operational transmission assets of Western Region Strengthening System Schemes - B & C of Reliance Infrastructure Limited (R-Infra).
  • Acquisition of Mumbai Suburban Distribution business is progressing as per schedule. The acquisition has obtained the approval of Competition Commission of India and is awaiting approval from MERC.

Technical View:

Adani Transmission Ltd is currently trading at Rs. 162.60, down by 1.1 points or 0.67% from its previous closing of Rs. 163.70 on the BSE.
The scrip opened at Rs. 165.50 and has touched a high and low of Rs. 166.90 and Rs. 159 respectively. So far 18,28,461 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

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