Adani Transmission Q1 PAT falls 61% YoY to Rs 168 cr

4 Aug 2022 , 09:46 AM

The company said it is not comparable due to Rs 288 crore one-off income (Rs 238 crore net-off tax) received in Q1FY22 and adverse forex movement of Rs 185 crore in the current quarter. On the segmental front, the operational revenue of the Transmission business was Rs 836 crore (up 10.4% YoY) while the revenue from the Distribution business was Rs 2,213 crore (up 27% YoY). Transmission business revenue growth was driven by newly commissioned lines over the period. Distribution business revenue increased on account of significant jump in energy demand Total EBITDA slipped 11.4% to Rs 1,326 crore in Q1 FY23 from Rs 1,496 crore in Q1 FY22. Profit before tax in Q1 FY23 stood at Rs 201.83 crore, down by 62.6% from Rs 539.99 crore posted in Q1 FY22. Adani Transmission operationalized 372 circuit km (CKM) transmission lines in Q1 FY23 (up 79.7% YoY) and maintained system availability at 99.2%. Energy demand (units sold) improved by 26% YoY to 2,560 million units in Q1 FY23, on account of significant rise in commercial segment and industrial segment demand. Distribution losses were at 6.95% (up 7 bps YoY) in Q1 FY23 on account of higher collection efficiency and loss reduction measures. Anil Sardana, MD & CEO of Adani Transmission said, ?ATL is constantly evolving and is already a significant player in the T&D sector. ATLs 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.? Adani Transmission (ATL) is the transmission and distribution business arm of the Adani Group. ATL is the countrys largest private transmission company with a cumulative transmission network of approximately 18,795 ckm, out of which approximately 14,651 ckm is operational and approximately 4,064 ckm is at various stages of construction. Shares of Adani Transmission were down 0.70% at Rs 3,480 on the BSE. Powered by Capital Market – Live News