Adani Transmission Ltd is up for a third straight session today. The stock is quoting at Rs 2272.85, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.01% on the day, quoting at 16160.4. The Sensex is at 53995.88, up 1.93%. Adani Transmission Ltd has slipped around 16.69% in last one month.

Meanwhile, Nifty Energy index of which Adani Transmission Ltd is a constituent, has slipped around 7.92% in last one month and is currently quoting at 25657.4, up 2.01% on the day. The volume in the stock stood at 1.02 lakh shares today, compared to the daily average of 4.83 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending March 22.

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Adani Transmission Ltd gained 1.28% today to trade at Rs 2325.55. The S&P BSE Power index is up 0.02% to quote at 4495.78. The index is down 5.67 % over last one month. Among the other constituents of the index, Power Grid Corporation of India Ltd increased 0.52% and Torrent Power Ltd added 0.49% on the day. The S&P BSE Power index went up 68.57 % over last one year compared to the 9.51% surge in benchmark SENSEX.

Adani Transmission Ltd has lost 13% over last one month compared to 5.67% fall in S&P BSE Power index and 8.97% drop in the SENSEX. On the BSE, 5196 shares were traded in the counter so far compared with average daily volumes of 58470 shares in the past one month. The stock hit a record high of Rs 3000 on 12 Apr 2022. The stock hit a 52-week low of Rs 860.5 on 02 Aug 2021.

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The decline in profitability was account of net forex movement (MTM) of Rs 82 crore in Distribution business.

On the segmental front, the operational revenue of the Transmission business was Rs 845 crore (up 17.4% YoY) while the revenue from the Distribution business was Rs 1,737 crore (up 11.6% YoY).

The company said growth in transmission business was driven by newly commissioned lines. The Distribution business revenue growth was better on account of strong energy demand and better collection efficiency.

Total EBITDA improved by 17.5% to Rs 1,382 crore in Q4 FY22 from Rs 1,176 crore in Q4 FY21.

Profit before tax in Q4 FY22 stood at Rs 362 crore, down by 2.1% from Rs 370 crore in Q4 FY21.

The company reported 4.2% fall in consolidated net profit to Rs 1,236 crore on a 15.2% increase in revenue to Rs 10,184 crore in FY22 over FY21.

Adani Transmission operationalized 1,104 circuit km (CKM) transmission lines in FY22 (up 41.5% YoY) and maintained system availability above 99.7%.

Energy demand (units sold) improved by 11% YoY to 7,972 million units in FY22, on account of significant rise in commercial segment and industrial segment demand.

Distribution losses were at 6.55% (up 127 bps YoY) in FY22 on account of higher collection efficiency and loss reduction measures.

Anil Sardana, MD & CEO, Adani Transmission, said: Adani Transmission is constantly evolving and becoming a significant player in T&D sector. ATL's robust growth pipeline and recently operationalised projects will further strengthen its Pan-India presence and consolidate its position as the largest private sector transmission & distribution company in India.

Adani Transmission (ATL) is the transmission and distribution business arm of the Adani Group. ATL is the country's largest private transmission company with a cumulative transmission network of approximately 18,795 ckm, out of which approximately 14,279 ckm is operational and approximately 4,436 ckm is at various stages of construction.

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Net profit of Adani Transmission reported to Rs 5.90 crore in the quarter ended March 2022 as against net loss of Rs 16.89 crore during the previous quarter ended March 2021. Sales declined 26.20% to Rs 332.37 crore in the quarter ended March 2022 as against Rs 450.39 crore during the previous quarter ended March 2021.

For the full year,net loss reported to Rs 64.61 crore in the year ended March 2022 as against net loss of Rs 21.21 crore during the previous year ended March 2021. Sales declined 2.04% to Rs 739.81 crore in the year ended March 2022 as against Rs 755.23 crore during the previous year ended March 2021.

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