Adani Transmission reports 85% increase in PAT during Q4FY2023

Adani Transmission Ltd (ATL), the largest private transmission and distribution company in India and part of the globally diversified Adani portfolio, witnessed double-digit growth in consolidated revenue in Q4 FY2023 and FY2023 on account of new transmission lines becoming operational and an uptick in energy consumption.

Revenue for the twelve months ending March 31, 2023, grew 19% to INR 12,149 crore. Profit after tax (PAT) was up by 4% y-on-y to INR 1,281 crore.

Q4 FY 2023 revenue stood at INR 3,031 crore, 17% up year-on-year. The consolidated PAT of INR 440 crore was 85% higher YoY.

“Transmission business revenue growth in Q4 was driven by newly commissioned lines, and distribution revenue increased on account of a consistent uptick in energy demand,” stated the company.

“The increase [in PAT during Q4] was primarily driven by the one-time income of INR 148 crore from regulatory order in the transmission business and aided by a mid-term true-up order by the regulator in AEML.”

In Q4 FY 2023, Adani Transmission Ltd operationalized 609 ckm and maintained system availability at 99.68%. Energy demand (units sold) improved by 11.5% YoY in Q4FY23, driven by a rise in the commercial segment and industrial segment demand. Distribution losses in Q4 were at 4.89%, and collection efficiency remained above 100%.