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Adani Transmission Limited Consolidated Results for H1 FY21 and Q2 FY21

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ATL reports cash profit of Rs. 1,591 Cr, up 51% yoy in H1 and      Rs. 676 Cr, up 30% yoy in Q2
PBT of Rs. 778 Cr, up 33% yoy in H1 and Rs. 296 Cr, up 12% yoy in Q2

Operational Highlights H1 FY21:

Transmission

Distribution

Financial Highlights H1 FY21:

Ahmedabad, November 06, 2020: Adani Transmission Ltd. (“ATL”), a part of the Adani Group, today announced the financial results for the quarter.

Operational Highlights:

Financial highlights – Transmission and Distribution:

Financial Highlights – Consolidated:

Other Key Highlights:

Notes:

1) H1 FY21 Operational Revenue and Operational EBITDA doesn’t include one-time positive impact of Rs. 330 Cr. from APTEL order in favor of MEGPTCL SPV of Transmission business

2) Distribution loss and units sold differs slightly from our provisional operational release released on 19th October 2020

3) Cash profit calculated as PAT + Depreciation + Deferred Tax + MTM option loss

4) ASAI: Average Service Availability Index; APTEL: Appellate Tribunal for Electricity

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 24×7 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 well-positioned 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 24×7 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”

About Adani Transmission

Adani Transmission Limited (ATL) is the transmission and distribution business arm of the Adani Group, one of India’s largest business conglomerates. ATL is the country’s largest private transmission company with a cumulative transmission network of more than 15,400 ckt kms, out of which more than 12,200 ckt kms is operational and more than 3,200 ckt kms is at various stages of construction. ATL also operates a distribution business serving about 3 million+ customers in Mumbai. With India’s energy requirement set to quadruple in coming years, ATL is fully geared to create a strong and reliable power transmission network and work actively towards serving retail customers and achieving ‘Power for All’ by 2022.

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