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

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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.

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