Earnings|Adani Transmission Limited (NSE: ADANITRANS): Q3FY23 Results Out; Total Income rise 20% YoY

Adani Transmission Limited (NSE: ADANITRANS) is an Indian company that operates as a power transmission company. The company builds, owns and operates power transmission projects in India. Its business activities also include designing, engineering, constructing, operating, and maintaining power transmission projects. The company is part of the Adani Group, a leading conglomerate in India with diversified interests in various industries.

Adani Transmission, reported a consolidated net profit of Rs 478 crore for the quarter ending December 31, 2022, a 73% increase from the year-ago period, due to a one-time income of Rs 240 crore from a regulatory order. The company’s revenue increased by 16% to Rs 3,037 crore during the same period. Adani Transmission’s operational EBITDA stood at Rs 1,318 crore, and its cash profit surged by 34% to Rs 955 crore.

For the first nine months of the fiscal year, the company’s revenue increased by 20% to Rs 9,117 crore, while its operational EBITDA and EBITDA grew by 10% and 7% respectively. Adani Transmission’s cumulative transmission network is 18,795 ckm, of which 15,371 ckm are operational, and 3,424 ckm are at various stages of construction. It also operates a distribution business, serving over 12 million consumers in Mumbai and Mundra SEZ. The company is pursuing disciplined growth with strategic and operational de-risking, capital conservation, ensuring high credit quality, and business excellence with high governance standards.

Adani Transmission, MD, Anil Sardana, stated that the company’s pipeline of projects and recently operationalized assets will strengthen its pan-India presence and consolidate its position as the largest private-sector transmission and distribution company in India. Adani Transmission is committed to ESG and safety practices and aims to enhance long-term value creation for all stakeholders.