Electric Utilities company Adani Transmission announced Q1FY24 results:
- Consolidated Revenue increased by 19% to Rs 3,622 crore
- EBITDA at Rs 1,378 crore grew by 4% YoY
- PBT of Rs 343 crore was 70% higher YoY
- PAT ended 8% higher at Rs 182 crore
- Consolidated cash profit of Rs 649 crore during the quarter was 11% lower YoY due to the one-time tax impact of Rs 65 crore on dividend from its subsidiary AEML and additional cash outgo of Rs 20 crore for hedging cost on moving to CCS from option contracts.
Anil Sardana, MD, Adani Energy Solutions, said, "AESL is constantly evolving and is already a significant player in the T&D sector. AESL’s growth trajectory remains firm despite the challenging macroeconomic environment. Our pipeline of projects and recently operationalized assets will further strengthen our pan-India presence and consolidate our position as the largest private-sector transmission and distribution company in India. AESL 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 practicing a culture of safety is integral to our pursuit of enhanced long-term value creation for all our stakeholders."