Adani Transmission Q4 PAT flat at Rs229.6cr as input cost spike is offset by favourable regulatory charges

6 May 2022 , 07:16 PM

Adani Transmission Ltd reported 1.08% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs3,165.35cr. On a sequential basis, revenues were higher for the quarter by 2.60%.

For the full year FY22, the revenues were higher by 13.4% at Rs11,862cr. The company reported higher revenues across its transmission vertical, GTD business vertical on a yoy basis.

However, the revenues from power trading were lower. However, both Transmission and GTD saw a sharp growth in operating profit for the quarter.

The consolidated net profit for Q4 was flat at Rs229.59cr while it was down on a sequential basis by -14.02%.

The company saw a sharp spike in the cost of power purchased as well as a spike in the fuel costs during the quarter.

However, this was offset by positive net changes in the regulatory deferral account for the quarter. Net margins stood at 7.25% in Mar-22 quarter compared to 8.29% in Mar-21.

NPM was lower sequentially compared to 8.66% in Q3. Cash from operations grew on regulatory deferral accounting.

Financial highlights for Mar-22 compared yoy and sequentially

	Adani Transmission
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 3,165.35	₹ 2,875.60	10.08%	₹ 3,085.20	2.60%
Net Profit (Rs cr)	₹ 229.59	₹ 238.42	-3.70%	₹ 267.03	-14.02%
Diluted EPS (Rs)	₹ 1.75	₹ 1.67		₹ 1.85
Net Margins	7.25%	8.29%		8.66%