Adani Transmission posts 85% rise in consolidated net in Q4
Consolidated revenue from operations during the quarter under review rose 17% to Rs 3,031 crore as against Rs 2,556 crore in the same quarter of last year
Adani Transmission on Monday reported 85 per cent increase in its consolidated net profit at Rs 440 crore year-on-year for the quarter ending March, 2023 (Q4FY23). The same stood at Rs 237 crore in the year-ago period.
The company reported growth in the operational Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of 28 per cent to Rs 1,570 crore, transmission EBITDA grew 9 per cent to Rs 872 crore, and distribution EBITDA jumped 43 per cent to Rs 834 crore.
Energy demand (units sold) improved by 11.5 per cent YoY in Q4FY23, driven by a rise in commercial segment and industrial segment demand
Distribution losses in Q4 were at 4.89 per cent, and collection efficiency remained above 100 per cent.
“AEML continues to provide its customers with a unique proposition of competitive tariffs and renewable energy, with solar and wind accounting for 30 per cent of their energy mix,” the company said.
“Adani Transmission is well positioned to deliver exponential growth, and we are working towards fulfilling our nation’s massive electricity needs and strengthening our position as a world class utility. We are accelerating the transition to a sustainable and reliable grid and are committed to our pursuit of energizing and ensuring continuous and reliable power supply across all regions through our assets in India. Our focus remains strong on cashflow generation, operational excellence, and governance.,” said Gautam Adani, Chairman, Adani Group.
