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Business EconomyPosted at: Feb 6 2023 7:31PM


ATL Q3 net profit up 73 pc

New Delhi, Jan 6 (UNI) Adani Transmission Limited (ATL) on Monday reported 73 pc increase in consolidated net profit at Rs 478 crore for the quarter ending December 31, 2022.

The company had reported net profit of Rs 267 crore in the same period last financial year, a statement from the company said.

The company's revenue rose 16% to Rs 3,037 crore in Q3FY23 as compared to Rs 2,623 crore in the year-ago period.

The consolidated operational Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period stood at Rs 1,318 crore.

Anil Sardana, MD, Adani Transmission Ltd., said, "ATL is constantly evolving and is already a significant player in the T&D sector. 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."

"ATL is consistently benchmarking to be the best-in-class and is pursuing disciplined growth with strategic and operational de-risking, capital conservation, ensuring high credit quality, and business excellence with high governance standards. The journey towards a robust ESG framework and practising a culture of safety is integral to our pursuit of enhanced long-term value creation for all our stakeholders," he said.
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