Adani Transmission Ltd Q3FY21 consolidated net profit jumps to Rs. 395.31 crore

Adani Transmission Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2734.04 crores during the period ended December 31, 2020 as compared to Rs.2306.45 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.395.31 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.206.76 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.77 for the period ended December 31, 2020 as compared to Rs.1.14 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 2734.04 crs	₹ 2306.45 crs	18.54%
Net Profit	₹ 395.31 crs	₹ 206.76 crs	91.19%
EPS	₹ 2.77	₹ 1.14	142.98%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.2734.04 crores during the period ended December 31, 2020 as compared to Rs.2835.72 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.395.31 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.203.67 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.77 for the period ended December 31, 2020 as compared to Rs.1.15 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 2734.04 crs	₹ 2835.72 crs	-3.59%
Net Profit	₹ 395.31 crs	₹ 203.67 crs	94.09%
EPS	₹ 2.77	₹ 1.15	140.87%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.7583.33 crores during the 9 months period ended December 31, 2020 as compared to Rs.8363.78 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.985.62 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.647.52 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.5.20 for the 9 months period ended December 31, 2020 as compared to Rs.4.18 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 7583.33 crs	₹ 8363.78 crs	-9.33%
Net Profit	₹ 985.62 crs	₹ 647.52 crs	52.21%
EPS	₹ 5.20	₹4.18	24.4%

Speaking on the performance of the company, Mr. Gautam Adani, Chairman Adani Group, said, "The Power & Transmission sector has seen tremendous progress over the last two decades. Today, Government initiatives such as Saubhagya and the emphasis on renewables have significantly expanded electricity access. The next two decades promises to usher in new opportunities for the sector based on the resurgence of the economy post the pandemic and a positive investor outlook. ATL is fully equipped to co-create a future in line with the needs of a nation at the cusp of global renewable energy leadership."

Mr. Anil Sardana, MD & CEO, Adani Transmission Ltd, said, "Adani Transmission has evolved over the past few years. It has successfully acquired and integrated yet another transmission asset in the eastern region. ATL is constantly benchmarking to be the best-in-class and is pursuing focused approach to be world-class integrated utility through development agenda coupled with de-risking of strategic and operational aspects, capital conservation, ensuring high credit quality and forging strategic partnerships for business excellence and high governance standards. ATL is maintaining 24x7 quality power supply despite challenges posed by health and pandemic issues. The journey towards robust ESG framework and practicing culture of safety is integral to its pursuit for enhanced long-term value creation for all stakeholders."

Shares of Adani Transmission Ltd was last trading in BSE at Rs.516.5 as compared to the previous close of Rs. 504.65. The total number of shares traded during the day was 78911 in over 1892 trades.

The stock hit an intraday high of Rs. 525.1 and intraday low of 504. The net turnover during the day was Rs. 40895144.

Source : Equity Bulls

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