Adani Transmission Q1 results: Impressive Q1FY24 performance with 19% YoY revenue growth and 70% YoY rise

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₹343 crore, representing a 70 per cent YoY rise. Additionally, the quarterly net profit after tax (PAT) showed an 8 per cent increase. AESL recently changed its name from Adani Transmission Ltd.

to better reflect its comprehensive presence in various aspects of the energy sector, effective from July 27, 2023. In terms of financial performance, the company achieved a year-on-year increase in consolidated revenue, reaching ₹3,622 crore. The operational EBITDA also saw growth, rising by 3 per cent to ₹1,254 crore, while the EBITDA reached ₹1,378 crore, showing a 4 per cent increase.

The profit before tax (PBT) surged by 70 per cent YoY, amounting to ₹343 crore, and the net profit after tax (PAT) ended 8 per cent higher at ₹182 crore. However, the consolidated cash profit during the quarter was 11% lower YoY at ₹649 crore, primarily due to a one-time tax impact of ₹65 crore on dividend from its subsidiary AEML and an additional cash outgo of ₹20 crore for hedging cost on moving to CCS from option contracts. It's worth noting that dividend income from the subsidiary is eliminated at the consolidated level.

In terms of operational highlights, AESL's transmission business demonstrated robust performance, with a transmission system availability of 99.77 per cent. The company added 550 circuit kilometers to its operational network, bringing the total network to 19,778 circuit kilometers. In the distribution business (AEML), supply reliability remained high at 99.9 per cent (ASAI), and energy demand (units sold) witnessed a significant 7.6 per cent YoY increase, amounting to 2,754 million units.