Adani Transmission Ltd. Consolidated Results for the Quarter ended June 30, 2019

Ahmedabad, August, 2019.

Adani Transmission Ltd. (“ATL”), part of the Adani Group, today reported its results for Q1 FY20.

Financial Highlights for Q1 FY 2020

·         Revenue from operations for Q1FY20 is Rs. 2,858 crore (which includes Rs. 2,189 crore from Distribution business) vs Rs. 543 crore of Q1FY19.

Financials

Particulars (Rs. crore) Q1 FY20 Q1 FY19 Change (%)
Consolidated      
Operational Revenue 2,858 543 426%
Operational EBITDA 1,199 502 139%
Comparable PAT 213 118 80%
Transmission      
Operational Revenue 668 543 23%
Operational EBITDA 615 502 23%
Margin (%) 92% 92%
Distribution      
Revenue 2,189
Operational EBITDA 584
Margin (%) 27%

Note: AEML was acquired on 29 August, 2018 and included in our nos. from 1 Sept 2018

Business Highlights for Q1 FY20

·         Received LOI to build, own, operate and maintain the transmission project in the state of Rajasthan through Tariff Based Competitive Bidding Process. The project “Bikaner-Khetri Transmission Limited” is 480 ckt kms at voltage level of 765 KV

·         Received LOI to build, own, operate and maintain the transmission project in the state of Gujarat through Tariff Based Competitive Bidding Process. The project “WRSS XXI (A) Transco Limited” is 272 ckt kms at voltage level of 765 KV

·         With completion of  ongoing projects, the total network of ATL will be approx. 14,217 ckt kms

Speaking on the growth and performance of the company Mr. Gautam Adani, Chairman Adani Group, said, “Adani Transmission Limited has continued to grow stronger, reaching ambitious strategic goals with incredible opportunities that lie ahead of it. We are committed to leveraging our experience and expertise to continue as a leading transmission company as well as the preferred choice of utility in electricity distribution.With the Government’s strategic focus on rural electrification and Power to All, our journey is contributing to the economy, and is also touching millions of lives. We shall continue to remain an active contributor to nation building, adding value to our portfolio and exploring opportunities that contribute to the growth of our business and the nation.”

Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd said, “Adani Transmission has delivered strong operational and financial performance for Q1 FY 2020, with comparable Consolidated PAT for Q1 FY20 of Rs. 213 crore, up 80%. We maintained industry-leading availability of 99.93% for our Transmission lines. Our Mumbai Distribution business, acquired last year, is performing well, with operational EBITDA up 21% yoy. With ATL’s pan-India footprint, Adani Transmission continues to capitalize on attractive growth opportunities in the T&D sector, to create superior shareholder value.” lElements:function(){return h},isValidChild:functio

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