Media Release

ATL announces Q3FY19

Editor’s Synopsis

  • Consolidated Operational EBITDA for Q3FY19 is INR 1029 Crs compared to  INR 488 Crs Q3FY18
  • Consolidated PAT for Q3 FY19 is INR 189 Crs compared to  INR 100 Crs Q3FY18 after eliminating one time income of INR 742 Crs (Net of Tax)
  • FITCH International Rating Agency revised ATL’s Outlook to Stable from Negative. • ATL is included in the MSCI Global Small Cap Index from 15th Nov 2018.
  • During the quarter received LOI on BOOM basis in the state of Uttar Pradesh for approximately 625 Ckt Kms.
  • Transmission business registered operational EBITDA margin of 91%, Distribution business registered 27 % EBITDA margin.
  • Strong Operational Performance. Network availability upwards of 99.53% and upto 100% in many elements;
  • Green field growth continues in full swing. ATL operationalizes 3 new elements in InterState/Intrastate transmission lines in states of Chhattisgarh & Rajasthan.
  • The company expects to achieve COD of additional 8 elements presently under construction in Q4.
  • Completed Acquisition of 100% stake of KEC International Limited in KEC Bikaner Sikar Transmission asset at Rajasthan.

 

Ahmedabad, February 13, 2019: Adani Transmission Ltd, part of the Adani Group, today reported its results for the period ended 31st December, 2018.


Financial Highlights:


(Clarification note: All Figures are in accordance with the applicable Ind - AS)

  • The overall Financial Performance was robust.
  • The quarter marked landmark period for ATL to continue its growth engine foraying into power distribution, operationalizing new Projects and acquiring Rajasthan asset from KEC.
  • Revenue from operations for 9MFY19 is INR 4330 Crs (which includes INR 2656 Cr. Distribution Biz) vs INR 1586 Crs of 9MFY18. (Increased by 276%)
  • The Operational EBITDA of 9MFY19 is INR 2233 Crs (Transmission Business INR 1528 Cr., Distribution Business INR 705 Crs)
  • PAT of the Company for 9MFY19 has increased to INR 524 Crs. vs INR 306 Crs for 9MFY18 after eliminating one time Arrear/Reversal (Net of tax INR 70 Crs  Reversal for 9MFY19 VS INR 686 Crs. for 9MFY18 Arrear)
  • Other comprehensive income includes MTM gain of INR 39.14 Crs for the 9MFY19 on account of fair valuation of hedging of $ bond and ECB as per applicable Ind-As guideline.

 
Company has received LOI from PFC Consulting Limited (A wholly owned subsidiary of Power Finance Corporation Limited) to Build, own, operate and maintain the transmission project in the state of Uttar Pradesh through Tariff Based Competitive Bidding Process. The project “Obra-C Badaun Transmission Limited” has approximately 625 Ckt kms of line at voltage level of 765 KV and 400 KV.

 

The Company has acquired 100% stake in KEC Bikaner Sikar Transmission Private Limited having operational transmission lines aggregating ~ 344 ckt kms. With completion of all ongoing projects, acquisition of Reliance Infrastructure’s Integrated Business total network of ATL will be around cumulate to 13450 ckt kms divided into 10355 ckt kms operational assets (including under acquisition) and appx. 3095 ckt kms are under construction assets. By the end of FY19, Adani Transmission Limited will continue to be the largest private sector transmission company in the country.


Speaking on the robust growth and performance of the company Mr Gautam Adani, Chairman Adani Group, said, “Transmission and Distribution is Key to ensuring 24x7 power for all. With the completion of GTD Business acquisition, Adani Transmission will enjoy benefit of scale and being an integrated distribution and transmission business in India. We aspire to enter into electricity distribution business in key cities and districts in India in pursuit of Government of India’s Vision to enable “Power for all by 2022. With our continuous focus on growth, innovation and development of latest technologies, we expect to grow our transmission and distribution network with highest capabilities across the country.”  


 
Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd said, “The Third quarter of FY19 has been equally encouraging for Adani Transmission. We received LOI for “Obra-C Badaun “project which will strengthen our network in state of Uttar Pradesh. Under construction projects are expected to achieve COD during the Q4 of current financial year. Acquisition of KEC business has been completed and integration process is under way. This will further strengthen our operations and will help create long term sustainable value for our shareholders & all other stake holders. In the coming years, we have identified key growth areas which includes Transmission and Distribution along with new value-added businesses. We will continue to build strong focus on seamless  integration of processes, people and technology which have been our key drivers.”


 
About Adani Transmission
 
Adani Transmission (ATL) is the transmission business arm of the Adani Group, one of India's largest business conglomerates. It is the country’s largest private transmission company with a cumulative transmission network of around 13,450 ckt kms, out of which approximately 10,355 ckt kms is operational. This includes around 3,095 ckt kms in various stages of construction. With India’s energy requirement set to quadruple in coming years, Adani Transmission is fully geared to create a strong and reliable power transmission network and work actively towards achieving ‘Power for All’ by 2022.
 
 
Please visit our website www.adanitransmission.com

© 2018 Adani Group
Disclaimer
cancel

Adani Transmission Limited retains copyright on all the text, contents, graphics and trademarks displayed on this site. All the text, graphics and trademarks displayed on this site are owned by Adani Transmission Limited.

The information on this site has been included in good faith and is for general purpose only and should not be relied upon for any specific purpose. The user shall not distribute text or graphics to others without the express written consent of Adani Transmission Limited. The user shall also not, without Adani Transmission Limited’s prior permission, copy and distribute this information on any other server, or modify or reuse text or graphics on this or any another system.

Although Adani Transmission Limited tries to ensure that all information and recommendations, whether in relation to the products, services, offerings or otherwise (hereinafter "information"), provided as part of this website is correct at the time of inclusion on the web site, Adani Transmission Limited does not guarantee the accuracy of the Information. Also, not all of the information may be up to date in all respect. Adani Transmission Limited makes no representations or warranties as to the completeness or accuracy of Information. Certain links in this site connect to other Web Sites maintained by third parties over whom Adani Transmission Limited has no control. Adani Transmission Limited makes no representations as to the accuracy or any other aspect of information contained in such other Web Sites.

Adani Transmission Limited hereby disclaims all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for any particular purpose, title and non-infringement. In no event will Adani Transmission Limited, its related partnerships or corporations, or the partners, agents or employees thereof be liable for any decision made by the user and/or site visitor for any inference or action taken in reliance on the information provided in this site or for any consequential, special or similar damages. Applicable Law and Jurisdiction of this Disclaimer are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. The user/site visitor agrees that in the event of any dispute arising in relation to this Disclaimer or any dispute arising in relation to the web site whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Ahmedabad (Gujarat) (India) only for the resolution of all such disputes.

Except for the historical information herein, statement in this website, which includes words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to “, “future”, “objective”, “goal”, “likely”, “project”, “should”, “potential”, “will pursue”, and similar expressions or variations of such expressions may constitute “forward-looking statements”. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our liability to successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to the market risks as well as other risks. The company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.