Page 4 - Adani Transmission

Adani Transmission net up nearly 73% to Rs 478 cr in Q3 on higher revenue

Adani Transmission Ltd (ATL) on Monday posted a nearly 73 per cent jump in its consolidated net profit to Rs 478 crore in the December quarter of 2022-23 on the back of a one-time income gain and higher revenues. The consolidated net profit of the company was Rs 277 crore in the quarter ended on December 31, 2022. The consolidated revenue increased to Rs 3,037 crore in the third quarter of FY2022-23 from Rs 2,623 crore in the same period a year ago. Consolidated PAT reported a strong upside of 73 per cent, aided by a one-time income of Rs 240 crore from a regulatory order, a company statement said. Adani Transmission MD Anil Sardana said, "ATL's growth trajectory remains firm despite the challenging macroeconomic environment. Our pipeline of projects and recently operationalised assets will further strengthen our pan-India presence and consolidate our position as the largest private sector transmission and distribution company in India." Adani Transmission is the country's largest

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150

Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent

Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL

Stocks to watch today: Tata Metaliks reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses

Adani Transmission incorporates arm to undertake smart meter business

Adani Transmission has formed a subsidiary, BEST Smart Metering Ltd (BSML), to undertake the smart meter business. BSML is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 27th December 2022 and is yet to commence its business operations, a BSE filing stated. "Company has incorporated a wholly-owned subsidiary company in the name of BEST Smart Metering Ltd," a BSE filing stated. Adani Transmission has the 100 per cent equity of Rs 1 lakh divided into 10,000 equity shares of Rs 10 each. This assumes significance in view of Revamped Distribution Sector Scheme (RDSS) launched by the government to help DISCOMs improve their operational efficiencies and financial sustainability by providing result-linked financial assistance to them to strengthen supply infrastructure based on meeting pre-qualifying criteria and achieving basic minimum benchmarks. Under the RDSS, Prepaid Smart metering is the critical intervention envisaged, with an estimate

Adani Transmission incorporates wholly-owned subsidiary Adani Cooling Sol

Adani Transmission on Tuesday said it has incorporated a wholly-owned subsidiary Adani Cooling Solutions Ltd. According to a regulatory filing, the subsidiary was incorporated on Monday with an initial authorised and paid up share capital of Rs 1,00,000 each, for the purpose of carrying on District Cooling System business. The entity will commence its business operations in due course, it added.

Adani firms, RIL share honours in Motilal Oswal wealth-creation study

The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022

Tata Power, Adani Transmission: Is the bull-run over in power stocks?

Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.

Adani Transmission net profit falls 32% to Rs 194 cr in Sept quarter

Adani Transmission on Wednesday reported a 32 per cent dip in its consolidated net profit at Rs 194 crore in September quarter compared to year ago, mainly due to adverse forex movement adjustment. The company explained in a statement that in the second quarter of FY23, consolidated PAT (profit after tax) or net profit of Rs 194 crore was lower year on year. The Q2 number is not comparable on account of adverse forex movement (MTM) of Rs 138 crore (mark-to-market adjustment on foreign currency loans) vs Rs 6 crore gain in the corresponding quarter of the previous fiscal in the AEML (Adani Electricity Mumbai Ltd) business, the company stated. The consolidated net profit of the company was Rs 289 crore in the quarter ended on September 30, 2021. However, the total income increased to Rs 3,376.57 crore in the reporting quarter from Rs 2,675.20 crore in the same period a year ago. The company sold 2,233 million units of electricity in the quarter, up from 1,975 million units in the sa

Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision

Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.

Adani Transmission wins Rs 1,300-cr smart meter deal from Mumbai's BEST

Devices enable customers to online monitor their power consumption, says Adani about multi-year deal

S&P Global withdraws rating of Adani Transmission at firm's request

S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request

Reliance Infra had filed arbitration claim of Rs 500 crore: Adani

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

Adani utility firm eclipses India giants in value with a rise of 125%

Market value of Adani Transmission now beats India's LIC, Bharti, ITC

Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking. On Tuesday, shares of the company jumped 3.05 per cent to settle at Rs 3,971.65 apiece on BSE. During the day, it rallied 4.87 per cent to hit its 52-week high of Rs 4,041.90. The company commanded a market valuation of Rs 4,43,034.65 crore. Shares of the company have jumped a whopping 129.19 per cent so far this year. In comparison, the BSE Sensex has climbed 2.20 per cent so far in 2022. Reliance Industries Limited is the most valued domestic firm with a market capitalisation of Rs 17,85,412.57 crore, followed by TCS (Rs 11,75,140.94 crore), HDFC Bank (Rs 8,26,633.55 crore), Infosys (Rs 6,28,296.46 crore) and Hindustan Unilever (Rs 6,24,756.32 crore). Next in the ranking is ICICI Bank which has a market valuation of Rs 6,18,012.83 crore, followed by State Bank of India (Rs 4,74,030.75 crore),

With Rs 4.4-trn m-cap, Adani Transmission is India's 8th most valued firm

Adani Transmission surpassed HDFC, LIC, Bajaj Finance and Bharti Airtel in market cap ranking on Tuesday

Adani Transmission Q1 PAT declines 61% to Rs 168 cr; total income up 11%

Adani Transmission Limited (ATL) on Wednesday reported a consolidated net profit after tax (PAT) of Rs 168.46 crore for the quarter ended June 30. The consolidated PAT of the company in the year-ago period stood at Rs 433.24 crore, according to a regulatory filing. The company's total income from operations was at Rs 3,249.74 crore in the first quarter of the current fiscal, and Rs 2,935.72 crore in the same period last year. Expenses were at Rs 3,582.59 crore as against Rs 2,380.14 crore earlier. In a separate statement, the company said "the consolidated profit after tax (PAT) in Q1FY23 ended lower y-o-y. It is not comparable due to Rs 288 crore one-off income (Rs 238 crore net-off tax) in Q1FY22 and adverse forex movement of Rs 185 crore in the current quarter." Anil Sardana, MD and CEO, Adani Transmission Ltd, said the company's pipeline of projects and recently operationalised assets will further strengthen its pan-India presence and consolidate position as the largest privat

Adani Transmission seeks shareholders' nod for RPTs worth Rs 10,600 cr

Adani Transmission said that it will seek shareholders' approval for the proposed related-party transactions worth up to Rs 10,600 crore in 2022-23.

Adani Transmission's $700-mn revolving facility gets 'green loan' tag

Adani Transmission Limited (ATL) on Wednesday said its $700 million revolving loan facility has been tagged as 'green loan' by Sustainalytics

Essar sells Mahan-Sipat transmission line to Adani for Rs 1,913 cr

Deal will bolster Adani's presence in central India, help it achieve its 20,000 circuit km target before time