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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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