Adani Transmission Ltd Q4 Results Update

On 5th May 2022, Adani Transmission Ltd announced its quarterly results for the last quarter of FY2022.

Key Highlights:

Q4FY2022:

- The company reported a consolidated Revenue at Rs. 2,582 crore with a growth of 13.5% 

- The consolidated EBITDA was reported at Rs.1,382 crore, with a growth of 17.5% 

- The consolidated cash profit of Rs.763 crore was reported, up by 19.4% 

- The consolidated Profit Before Tax was at Rs.362 crore 

- Consolidated PAT was at Rs. 237 crore

FY2022:

- The Consolidated Revenue was reported at Rs.10,184 crore with a growth of 15.2% 

- The Consolidated PAT was reported at Rs.1,236 crore in FY22 and ended 4.2% lower due to deferred tax recognition in the Distribution business in FY21; whereas Q4 PAT of Rs. 237 crore was lower by 7.6% on account of net forex movement (MTM) of Rs. 82 Crore in the Distribution business 

- Consolidated revenue witnessed double-digit growth of 15.2% in FY22 and 13.5% in Q4 

- Consolidated EBITDA of Rs. 5,493 crore in FY22 grew 8.4% YoY and Rs. 1,382 crore in Q4FY22 was up 17.5% YoY on account of higher revenue in both transmission and distribution segments 

- Strong revenue and EBITDA performance translated into higher PBT at Rs. 1,700 Crore, up 5.0% in FY22 

- Consolidated cash profit at Rs. 3,039 crore, up 3.8% in FY22. Q4 cash profit of Rs. 763 crore was higher by 19.4% YoY

- Net debt to EBITDA as of FY22 stands at 4.9x

Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd said “Adani Transmission is constantly evolving and becoming a significant player in the T&D sector. ATL’s robust growth pipeline and recently operationalized projects will further strengthen its Pan-India presence and consolidate its 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 its pursuit of enhanced long-term value creation for all stakeholders.”

On Friday, the share price of Adani Transmission Ltd fell down by 2.18 percent.