ATL continues to deliver on its robust ESG pursuit, improves its business performance
Team News Riveting
Ahmedabad, February 6
Adani Transmission Limited (“ATL”), the largest private transmission and distribution company in India and part of the globally diversified Adani portfolio, today announced its financial and operational performance for the quarter ended December 31, 2022.
The consolidated revenue of the ATL in third quarter of the financial year 2022-23 (Q3FY23) witnessed double-digit growth of 16 per cent year-on-year (YoY) on account of new transmission lines becoming operational and a positive trend in energy demand, the company said. The consolidated operational EBITDA increased to Rs 1,318 crore in the third quarter.
In Q3FY23, consolidated profit after tax (PAT) of Rs 478 crore was 73 per cent higher YoY. The increase was primarily driven by one-time income from regulatory order. Consolidated cash profit of Rs 955 crore in Q3FY23 increased by 34 per cent YoY, the company said.
Anil Sardana, MD, 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 macroeconomic 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.”
ATL operationalized 371 ckm in Q3FY23 and maintained system availability at 99.75 per cent. The energy demand (units sold) improved by 4.4 per cent YoY in Q3FY23, driven by a rise in commercial segment demand while the distribution losses were reduced to 5.6 per cent, and collection efficiency remained above 100%
The impact of increases in coal prices and power purchase costs in recent periods has been partly offset by fuel adjustment charges’ (FAC) recovery in monthly billing.
Adani Transmission Limited (ATL) is the transmission and distribution business arm of the Adani Portfolio. ATL is the country’s largest private transmission company, with a presence across 13 states of India and a cumulative transmission network of 18,795 ckm, out of which 15,371 ckm are operational and 3,424 ckm are at various stages of construction. ATL also operates a distribution business, serving more than 12 million consumers in Mumbai and Mundra SEZ. With India’s energy requirement set to quadruple in the coming years, ATL is fully geared to create a strong and reliable power transmission network and work actively towards serving retail customers and achieving “Power for All.”.
