Adani Transmission shares in focus as Q4 net profit up 85 pc

The shares of Adani Transmission will be in focus on Tuesday morning after the Adani group companies said their consolidated net profit for the quarter of March rose 85 per cent to Rs 440 crore compared to a net profit of Rs 237 crore in the year-ago period. Adani Transmission said its bottom line was supported by one-time income of Rs 148 crore net off tax Rs 122 crore based on a regulatory order in the Transmission business. It was also aided by a mid-term true-up order by the regulatory agency in AEML.

A conference call, hosted by Nuvama Wealth Management with Adani Transmission management, will be held today where the company's financial results will be discussed. Anil Sardana MD at Adani Transmission Bimal Dayal CEO Kandarp Patel CEO for distribution Rohit Soni CFO Kunjal Mehta CFO for AEML and Vijil Jain lead IR will be present on the call.

The value of EBITDA rose 23 per cent to 1,706 crore in the third quarter of last year.

Adani Transmission said Transmission business revenue growth in Q4 was driven by newly commissioned lines.

On account of a consistently increasing energy demand, distribution revenue increased. Transmission Ebitda rose 9 per cent to 872 crore in the quarter, and distribution Ebitda rose 43 per cent to 834 crore.

Q 4 PAT in the Transmission business grew 11 per cent to 221 crore and distribution PAT at 218 Cr grew 478 per cent YoY, helped by the mid-term true-up order by the regulator, Adani Transmission said.

The company said it operated 609 ckm in Q4 and maintained system availability at 99.68 oer cent. Energy demand units sold rose 11.5 percent YoY, driven by a rise in commercial and industrial demand. distribution losses were 4.89 per cent and collection efficiency remained above 100 per cent.