Robust year registering 50% growth in EBITDA and 26% growth in PAT for the year at consolidated level Adani Transmission Ltd.
|Owing to AEML’s reduction in consumption in Q4 FY20 and refinance costs and repayments costs (one-time in nature) incurred in Q4FY20, the consolidated EBITDA registered 2% growth and 1% growth in PBTFY20 – Operational:
FY20 – Financial:
Q4FY20 – Financial:
Return and Ratios:
Ahmedabad, May 09, 2020: Adani Transmission Ltd. (“ATL”), part of the Adani Group, today reported its results for Q4 FY20 and FY20.
|Financial highlights –
Transmission and Distribution business segment highlights:
Other Key Highlights:
ATL continues to focus on freeing up its equity, Adani Transmissionreducing cost of debt and bringing in marquee partners to set global corporate practices.
- RONW = PAT / Average Net Worth (adjusted for perpetual equity instrument)
- Adani Electricity Mumbai Ltd. (AEML) is the licensee for an integrated power distribution, transmission and generation business that currently serves more than 3 million consumers across a license area of approximately 400 square kilometers in the city of Mumbai, the world’s seventh largest city by size of population. AEML’s market share of Mumbai is approximately 87% by license area, 67% by consumers served and 55% by electricity supplied.
- Seven newly operational SPV’s include CWRTL, RRWTL, STL, ATRL, HPTSL, BPTSL and TPTSL
Speaking on the performance of the company, Mr. Gautam Adani, Chairman, Adani Group, said, “There is abundant potential for significant growth in India’s transmission sector in the coming years. With the government’s core focus towards the objective of 24×7 Power for all, Adani Transmission Limited with its widespread network and continuous growth looks forward to become world-class Electric Utility. Through its integrated ESG philosophy focusing on long-term value creation, ATL is striving towards nation building and fueling sustainability and will continue to explore opportunities for growth.”
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Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd, said, “Adani Transmission has evolved over the past few years from a high growth developing company to a mature asset operator with limited greenfield risk. Fueled by Indian economic growth, the growing power demand, coupled with government’s commitment to 24×7 power and promotion of renewable capacity will further drive power industry at large. Towards this effort, ATL’s focus in FY20 has been to expand the grid network and ensure high quality of electricity supply to our consumers. Through leveraging technology, innovation and commitment to transmitting bulk green power, we always make efforts to deliver and fuel country’s power demands. Company has also used its Business Continuity and Disaster Management drills during ongoing pandemic times in order to continue its essential services seamlessly”
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About Adani Transmission Ltd.
Adani Transmission (ATL) is the transmission and distribution (T&D) business arm of the Adani Group, one of India’s largest business conglomerates. It is the country’s largest private transmission company with a cumulative transmission network of more than 14,739 ckt kms, out of which more than 11,477 ckt kms is operational. This includes around 3,262 ckt kms in 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, Adani Transmission is fully geared to create a strong and reliable power transmission network and work actively towards achieving ‘Power for All’ by 2022.
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