Adani Transmission Limited announces Consolidated Results for FY21 and Q4FY21

Adani Transmission Limited ("ATL"), the largest private transmission company in India, a part of globally diversified Adani Group today announced its financial and operational performance for year ended 31st March, 2021.

Operational Highlights FY21:

Transmission

- Robust Transmission system availability at 99.87%

Distribution

- Maintained supply reliability at 99.99% (ASAI)
- Collection efficiency in Distribution business was more than 100%
- Customer adoption of digital avenues increases manifold; e-payments as percentage of total collection increased to 67.2% in FY21 from 48.6% in FY20.

Financial Highlights FY21 (YoY):

- Cash Profit of Rs. 2,929 cr, up 45%
- PAT at Rs. 1,290 cr, up 82%
- EPS at Rs. 9.02 vs. Rs. 2.94 in FY20; up 207% YoY
- Consolidated Operational EBITDA at Rs. 4,233 cr vs. Rs. 4,055 cr in FY20, up 4%
- Transmission Operational EBITDA at Rs. 2,574 cr, up 4% with a margin of 92%
- Distribution Operational EBITDA at Rs. 1,659 cr, up 5%

Financial Highlights Q4 FY21 (YoY):

- Cash Profit of Rs. 639 cr, up 51%
- PAT at Rs. 257 cr, up 333%
- Consolidated Operational EBITDA at Rs. 1,034 cr vs. Rs. 875 cr in FY20, up 18%
- Transmission Operational EBITDA at Rs. 656 cr, up 6%
- Distribution Operational EBITDA at Rs. 377 cr, up 47%

Other Financial Highlights:

- With announcement of favorable regulatory order in respect of MEGPTCL in Q1 FY21, Consolidated EBITDA of ATL will have annual recurring benefit of ~Rs. 60 cr.

Speaking on the performance of the company, Mr. Gautam Adani, Chairman Adani Group, said, The Power & Transmission sector has seen tremendous progress over the last two decades. Today, Government initiatives such as Saubhagya and the emphasis on renewables have significantly expanded electricity access. The next two decades promises to usher in new opportunities for the sector based on the resurgence of the economy post the pandemic and a positive investor outlook. ATL is fully equipped to co-create a future in line with the needs of a nation at the cusp of global renewable energy leadership."

Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd, said, "Adani Transmission has evolved over the past few years. ATL's two acquisitions (APTL and WKTL) during the year will bolster its pan-India presence, consolidating further its position as the largest private sector transmission company in India and moving it closer to its goal of 20,000 ckt km of transmission lines by 2022. 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 derisking 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.1131.05 as compared to the previous close of Rs. 1088.45. The total number of shares traded during the day was 68167 in over 4204 trades.

The stock hit an intraday high of Rs. 1141 and intraday low of 1099.9. The net turnover during the day was Rs. 76499061.

Source : Equity Bulls

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