Swiggy Reports ₹625.5 Cr Net Loss in Q2 Despite Revenue Growth
Adani Transmission Q2 Results FY2023, PAT at Rs. 194 crores
Last Updated: 10th December 2022 - 10:05 am
On 2nd November 2022, Adani Transmission announced its quarterly results for the second quarter of FY2023.
Q2FY23 Performance updates:
- Consolidated Revenue at Rs 3,032 Crores, increased by 22%
- Consolidated Operational EBITDA at Rs 1,241 Crores, increased by 7%
- Consolidated PAT at Rs 194 Crores is not comparable YoY on account of adverse forex movement (MTM) of Rs 138 Crores (Mark-to-market adjustment on foreign currency loans) vs Rs 6 Crores gain in the corresponding quarter in the AEML business
- Consolidated Cash Profit (excluding one-time) of Rs 748 Crores surged 8%
Business Highlights:
- Transmission Business operationalized 352 ckm and maintained system availability at 99.76%; total transmission network at 18,795 ckm
- Lakadia Banaskantha (LBTL) project is fully commissioned
- Transmission system availability was 99.76%. Transmission business revenue stood at Rs.868 crores, up by 10.1%, and newly commissioned lines drove growth over the period
- Distribution Business (AEML) maintained supply reliability at 99.9% (ASAI)
- Energy demand is up by 13% YoY to 2,233 million units driven by a rise in commercial and industrial segment demand
- Distribution losses remain low at 6.0%
- Consumer-centric initiatives continue with digital payment at 74.9%.
- Distribution business revenue stood at Rs. 2164 crores, up by 28%, the revenue increased on account of a significant jump in energy demand
- Distribution losses remain low on account of high collection efficiency and loss reduction measures
Commenting on results, Mr. Anil Sardana, MD & CEO, of Adani Transmission Ltd., said, “ATL is constantly evolving and is already a significant player in the T&D sector. ATL’s growth trajectory remains firm despite the challenging macro environment. Our pipeline of projects and recently operationalised assets will further strengthen our pan-India presence and consolidate our position as the largest private sector transmission and distribution company in India. ATL is consistently benchmarking to be the best-in-class and is pursuing disciplined growth with strategic and operational de-risking, capital conservation, ensuring high credit quality and business excellence with high governance standards. The journey towards a robust ESG framework and practising a culture of safety is integral to our pursuit of enhanced long-term value creation for all our stakeholders.”
Adani Transmission share price dropped by 0.86%
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