Adani Transmission Limited reports Q2FY21, H1FY21 results

Adani Transmission Ltd. ("ATL"), a part of the Adani Group, today announced the financial results for the quarter.

Financial Highlights H1 FY21:

- Cash Profit of Rs. 1,591 Cr, up 51% yoy
- PAT at Rs. 570 Cr, up 28% yoy
- PBT at Rs. 778 Cr, up 33%; positive impact of Rs. 330 Cr. from APTEL order in favor of MEGPTCL SPV in Transmission business received in Q1FY21
- EPS at Rs. 4.3 vs. 2.2 in H1 FY20; up 94.2% yoy
- Transmission Operational EBITDA at Rs. 1,267 Cr with a margin of 92% compared to Rs. 1,238 Cr in H1FY20
- Distribution Operational EBITDA at Rs. 804 Cr with margin of 28%
- Consolidated Operational EBITDA(1) at Rs. 2,071 Cr vs. Rs. 2,120 Cr in H1 FY20
- Consolidated Operational Revenue(1) at Rs. 4,272 Cr vs. Rs. 5,446 Cr in H1 FY20
- With announcement of favorable regulatory order in respect of MEGPTCL, ATL Conso will have annual recurring EBITDA benefit of ~Rs.60 Cr.

Speaking on the performance of the company, Mr. Gautam Adani, Chairman, Adani Group, said, "There is abundant potential for increased growth in India's transmission sector in the coming years. We are spearheading our energies and efforts towards providing reliable power supply across the nation. With the government's core objective of 24x7 Power for all, considering anticipated growth and demand for power in major parts of the country, Adani Transmission Ltd is committed to deliver continuous growth and is helping in strengthening the transmission network across the nation. We are wellpositioned to fulfil India's electricity needs and look forward to delivering long-term sustainable value through our efficient management of electricity networks. Our increasingly sustainable practices will help ensure ESG driven goals, one that will benefit not only key stakeholders but entire nation".

Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd, said, "Adani Transmission has evolved over the past few years. ATL is constantly benchmarking to be the best-in-class and is pursuing focused approach to be world-class integrated utility through development agenda coupled with de-risking of strategic and operational aspects, capital conservation, ensuring high credit quality and forging strategic partnerships for business excellence and high governance standards. ATL is maintaining 24x7 quality power supply despite challenges posed by health and pandemic issues. The journey towards robust ESG framework and practicing culture of safety is integral to its pursuit for enhanced long-term value creation for all stakeholders".

Shares of Adani Transmission Ltd was last trading in BSE at Rs.298.95 as compared to the previous close of Rs. 292.95. The total number of shares traded during the day was 73286 in over 2450 trades.

The stock hit an intraday high of Rs. 305 and intraday low of 293.45. The net turnover during the day was Rs. 22026939.

Source : Equity Bulls

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