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Sectors Energy

Adani Transmission Posted Robust year registering 50% growth in EBITDA and 26% growth in PAT

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 24x7 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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SMEStreet Desk
New Update
Gautam Adani, Adani Ports. SEZ

Adani Transmission Ltd. (“ATL”), part of the Adani Group, today reported its results for Q4 FY20 and FY20.

Financial highlights
  • Financial Performance for FY20:
    • FY20 operational revenue up 57% YOY at Rs. 10,237 Cr on the back of strong revenue contribution from seven newly operational SPV’s(3) in transmission and AEML full year contribution.
    • Operational EBITDA of Rs. 4,287 Cr, up 50% YOY due to Rs 596 Cr of EBITDA contribution from seven newly operational SPVs and strong contribution from distribution business.
    • Transmission EBITDA margin at 91.8% due to operational efficiency and higher contribution from newly operational SPV’s. Strong Distribution EBITDA margin at 24.0%.
    • Consolidated PAT of Rs. 707 crore, up 26% yoy. 
  • Financial Performance for Q4 FY20: 
    • Q4 FY20 Revenue lower by 3% YOY at Rs. 2,220 Cr due to lower share of distribution business on account of subdued power demand by industires. 
    • Operational EBITDA of Rs. 893 Cr, up 2% YOY. Transmission Operational EBITDA of Rs. 618 Cr, up 18%. 
    • Consolidated PAT of Rs. 59 crore, down 60% yoy primary decrease due to one-time write off finance sunk cost of Rs. 185 Cr (Non-Cash Item).

Transmission and Distribution business segment highlights:

Other Key Highlights:

ATL continues to focus on freeing up its equity, reducing cost of debt and bringing in marquee partners to set global corporate practices. 

  • ATL successfully completed its maiden US Private Placement of USD 400 Million in Feb-Mar 2020. 
  • Completion of Qatar Investment Authority (QIA) investment in AEML.
  • AEML completes first ever USD bond issuance by a private integrated utility from India, raising USD 1 Billion in February 2020.
Gautam Adani Adani Transmission EBITDA