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Earnings: Adani Transmission’s performance in Q2 2022

Adani Transmission (NSE: ADANITRANS) reported its second-quarter 2022 earnings results today after the market hours.

The company had a consolidated revenue of ₹2,479 crores an increase of 15% year on year.

Adani Transmission had a net profit of ₹289 crores or ₹1.90 per share compared to ₹214 crores or ₹1.37 per share in the same quarter of the previous year.

Mr Anil Sardana, MD & CEO, Adani Transmission Ltd said “Adani Transmission is constantly evolving and becoming a significant player. ATL’s robust growth pipeline and recent acquisitions will further strengthen its pan-India presence and consolidate its position as the largest private-sector transmission company in India. This will help the company move closer to its goal of 20,000 ckm of transmission lines by 2022. ATL is consistently benchmarking to be the best-in-class utility and is pursuing disciplined growth with strategic and operational de-risking, capital conservation, ensuring high credit quality and business excellence with high governance standards.

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