Consolidated net sales (including other operating income) of Adani Transmission for the quarter ended Dec 2022 has increased 21.98% to Rs 3551.7 crore. Operating profit margin has jumped from 39.54% to 43.36%, leading to 33.77% rise in operating profit to Rs 1,540.17 crore. Purchase of finished goods cost fell from 10.25% to 7.72%. Employee cost decreased from 7.79% to 6.37%. Other expenses fell from 51.03% to 44.30%. Power and Oil fuel cost fell from 38.13% to 33.30%. Other income fell 3.39% to Rs 167.61 crore. PBIDT rose 28.90% to Rs 1707.78 crore. Provision for interest rose 24.43% to Rs 697.09 crore. PBDT rose 32.18% to Rs 1010.69 crore. Provision for depreciation rose 13.13% to Rs 410.37 crore. Profit before tax grew 49.37% to Rs 600.32 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 122.25 crore, compared to Rs 125.24 crore. Effective tax rate was 20.36% compared to 31.16%.Minority interest decreased 65.25% to Rs 3.35 crore. Net profit attributable to owners of the company increased 77.78% to Rs 474.72 crore. For year-to-date (YTD) results analysis. Net sales (including other operating income) of Adani Transmission has increased 19.95% to Rs 9935.06 crore. Sales of Transmission segment has gone up 8.58% to Rs 2,877.32 crore (accounting for 28.96% of total sales). Sales of Trading segment has gone up 43.15% to Rs 577.28 crore (accounting for 5.81% of total sales). Sales of GTD Business segment rose 23.92% to Rs 6,480.46 crore (accounting for 65.23% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 5.78% to Rs 2,792.52 crore. PBIT of Transmission segment rose 5.44% to Rs 1,990.75 crore (accounting for 71.29% of total PBIT). PBIT of Trading segment rose 123.53% to Rs 0.38 crore (accounting for 0.01% of total PBIT). PBIT of GTD Business segment rose 6.60% to Rs 801.39 crore (accounting for 28.70% of total PBIT). PBIT margin of Transmission segment fell from 71.25% to 69.19%. PBIT margin of Trading segment rose from 0.04% to 0.07%. PBIT margin of GTD Business segment fell from 14.37% to 12.37%. Overall PBIT margin fell from 31.87% to 28.11%. Operating profit margin has declined from 44.64% to 40.11%, leading to 7.77% rise in operating profit to Rs 3,984.71 crore. Purchase of finished goods cost rose from 4.87% to 5.81%. Employee cost decreased from 8.46% to 6.86%. Other expenses rose from 47.30% to 53.97%. Power and Oil fuel cost rose from 34.83% to 42.16%. Other income fell 0.67% to Rs 410.56 crore. PBIDT rose 6.92% to Rs 4395.27 crore. Provision for interest rose 25.43% to Rs 2150.98 crore. PBDT fell 6.33% to Rs 2244.29 crore. Provision for depreciation rose 12.72% to Rs 1192.19 crore. Profit before tax down 21.38% to Rs 1,052.10 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 211.1 crore, compared to Rs 339.51 crore. Effective tax rate was 20.06% compared to 25.37%. Net profit attributable to owners of the company decreased 11.09% to Rs 866.88 crore. Promoters’ stake was 74.19% as of 31 December 2022 ,compared to 74.92% as of 31 December 2021 . Promoters pledged stake was 6.62% as of 31 December 2022 ,compared to 7.22% as of 31 December 2021 .
Management Comments :
Mr. 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."
| Adani Transmission : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 3,551.70 | 2,911.70 | 21.98 | 9,935.06 | 8,282.79 | 19.95 | 11,257.52 | 9,926.33 | 13.41 | | OPM (%) | 43.36 | 39.54 | 382 bps | 40.11 | 44.64 | -453 bps | 43.43 | 45.67 | -224 bps | | OP | 1,540.17 | 1,151.39 | 33.77 | 3,984.71 | 3,697.49 | 7.77 | 4,888.64 | 4,533.17 | 7.84 | | Other Inc. | 167.61 | 173.50 | -3.39 | 410.56 | 413.33 | -0.67 | 603.95 | 532.60 | 13.40 | | PBIDT | 1,707.78 | 1,324.89 | 28.90 | 4,395.27 | 4,110.82 | 6.92 | 5,492.59 | 5,065.77 | 8.43 | | Interest | 697.09 | 560.24 | 24.43 | 2,150.98 | 1,714.94 | 25.43 | 2,364.95 | 2,116.99 | 11.71 | | PBDT | 1,010.69 | 764.65 | 32.18 | 2,244.29 | 2,395.88 | -6.33 | 3,127.64 | 2,948.78 | 6.07 | | Depreciation | 410.37 | 362.74 | 13.13 | 1192.19 | 1057.62 | 12.72 | 1427.15 | 1328.88 | 7.39 | | PBT | 600.32 | 401.91 | 49.37 | 1052.1 | 1338.26 | -21.38 | 1700.49 | 1619.9 | 4.97 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 600.32 | 401.91 | 49.37 | 1052.1 | 1338.26 | -21.38 | 1700.49 | 1619.9 | 4.97 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 600.32 | 401.91 | 49.37 | 1052.1 | 1338.26 | -21.38 | 1700.49 | 1619.9 | 4.97 | | Taxation | 122.25 | 125.24 | -2.39 | 211.1 | 339.51 | -37.82 | 464.74 | 330.33 | 40.69 | | PAT | 478.07 | 276.67 | 72.79 | 841 | 998.75 | -15.79 | 1235.75 | 1289.57 | -4.17 | | Minority Interest (MI) | 3.35 | 9.64 | -65.25 | -25.88 | 23.73 | LP | 31.14 | 65.53 | -52.48 | | Net profit | 474.72 | 267.03 | 77.78 | 866.88 | 975.02 | -11.09 | 1204.61 | 1224.04 | -1.59 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 474.72 | 267.03 | 77.78 | 866.88 | 975.02 | -11.09 | 1204.61 | 1224.04 | -1.59 | | EPS (Rs)* | 4.26 | 2.39 | 77.78 | 7.77 | 8.74 | -11.09 | 10.80 | 10.97 | -1.59 | | | * EPS is on current equity of Rs 1,115.49 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Adani Transmission : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202212 | 202112 | Var.(%) | % of (Total) | 202212 | 202112 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
|---|
| Sales | | Transmission | 33.03 | 1,173.18 | 816.07 | 43.76 | 28.96 | 2,877.32 | 2,649.93 | 8.58 | 30.82 | 3,469.33 | 3,122.06 | 11.12 | | Trading | 7.73 | 274.67 | 298.35 | -7.94 | 5.81 | 577.28 | 403.27 | 43.15 | 7.30 | 821.91 | 756.63 | 8.63 | | GTD Business | 59.24 | 2,103.85 | 1,797.28 | 17.06 | 65.23 | 6,480.46 | 5,229.59 | 23.92 | 61.88 | 6,966.28 | 6,047.64 | 15.19 | | Total Reported Sales | 100.00 | 3,551.70 | 2,911.70 | 21.98 | 100.00 | 9,935.06 | 8,282.79 | 19.95 | 100.00 | 11,257.52 | 9,926.33 | 13.41 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 3,551.70 | 2,911.70 | 21.98 | 100.00 | 9,935.06 | 8,282.79 | 19.95 | 100.00 | 11,257.52 | 9,926.33 | 13.41 | | PBIT | | Transmission | 76.20 | 860.88 | 550.32 | 56.43 | 71.29 | 1,990.75 | 1,887.96 | 5.44 | 70.17 | 2,428.76 | 2,191.80 | 10.81 | | Trading | 0.03 | 0.33 | -0.05 | LP | 0.01 | 0.38 | 0.17 | 123.53 | 0.02 | 0.68 | 0.74 | -8.11 | | GTD Business | 23.77 | 268.59 | 238.38 | 12.67 | 28.70 | 801.39 | 751.74 | 6.60 | 29.82 | 1,032.05 | 1,011.75 | 2.01 | | Total PBIT | 100.00 | 1,129.80 | 788.65 | 43.26 | 100.00 | 2,792.52 | 2,639.87 | 5.78 | 100.00 | 3,461.49 | 3,204.29 | 8.03 | | Less : Interest | | 697.09 | 560.24 | 24.43 | | 2,150.98 | 1,714.94 | 25.43 | | 2,364.95 | 2,116.99 | 11.71 | | Add: Other un-allcoable | | 167.61 | 173.50 | -3.39 | | 410.56 | 413.33 | -0.67 | | 603.95 | 532.60 | 13.40 | | PBIT Margin(%) | | Transmission | | 73.38 | 67.44 | 594.47 | | 69.19 | 71.25 | -205.80 | | 70.01 | 70.20 | -19.70 | | Trading | | 0.12 | -0.02 | 13.69 | | 0.07 | 0.04 | 2.37 | | 0.08 | 0.10 | -1.51 | | GTD Business | | 12.77 | 13.26 | -49.68 | | 12.37 | 14.37 | -200.85 | | 14.81 | 16.73 | -191.47 | | PBT | 100.00 | 600.32 | 401.91 | 49.37 | 100.00 | 1,052.10 | 1,338.26 | -21.38 | 100.00 | 1,700.49 | 1,619.90 | 4.97 |
|
|