 "Adani")
Throughout the fourth quarter, the corporate’s complete revenue surged to Rs 4,855.18 crore from Rs 3,494.84 crore a yr in the past. (Picture: Bloomberg)
Adani Vitality Options Ltd (AESL) on Tuesday posted a 13.26 per cent fall in its consolidated web revenue to Rs 381.29 crore in the course of the quarter ended March 2024 on account of elevated bills.
Its web revenue after tax was at Rs 439.60 crore within the January-March interval of the previous 2022-23 monetary yr, the corporate mentioned in an trade submitting.
For the entire Monetary 12 months (FY) 24, the corporate reported a web revenue of Rs 1195.61 crore, down from Rs 1280.60 crore in FY 23.
Throughout the fourth quarter, the corporate’s complete revenue surged to Rs 4,855.18 crore from Rs 3,494.84 crore a yr in the past.
The revenue in FY 24 was at Rs 17,218.31 crore as in opposition to Rs 13,840.46 crore in FY 23. The bills had been Rs 4,358.83 crore within the interval underneath evaluation, as in opposition to Rs 3,200.50 crore within the year-ago interval.
In FY 24, the bills rose to Rs 14,978.74 crore from Rs 13,164.32 crore within the previous monetary yr.
In a separate assertion, the corporate mentioned its revenues witnessed a double-digit development on account of the contribution from the newly operationalised transmission property, commissioning of components at North Karanpura and MP-II bundle traces and a rise within the models bought due to greater power consumption within the distribution enterprise at Mumbai and Mundra.
AESL MD Anil Sardana mentioned, “AESL’s constant progress in commissioning of recent traces, together with strong power demand, and our capacity to recognise and faucet market alternatives inside the areas of curiosity continues to propel our development and retains us on the forefront of power transition in India.
“An ESG rating of 25.3 from Sustainalytics of their current evaluation positioned us to be one of many high 20 electrical utilities and helped surpass world and trade averages,” Sardana mentioned.
Among the key transmission tasks the corporate commissioned in FY24 are the 765 kV Warora-Kurnool transmission line, the 765 kV KBTL (Khavda Bhuj line), with 217 circuit km, 400 kV Kharghar-Vikhroli double circuit transmission line, and Karur Transmission Ltd (KTL) challenge by establishing the 400/230 kV, 1000 MVA (mega volt ampere) pooling station and an related transmission line in Tamil Nadu.
The corporate’s distribution enterprise AEML invested capital expenditure of over Rs 1,334 crore and diminished its long-term debt by Rs 855 crore by way of a bond buyback programme in the course of the yr.
AEML bought 9,916 million models over 9,062 million models final yr on account of an uptick in power demand. The distribution loss has been enhancing constantly and stands at 5.29 per cent in FY24 as in opposition to 5.93 per cent in FY23 and maintained provide reliability at over 99.9 per cent.
Throughout the yr, it obtained contracts of 21 million meters from Andhra Pradesh, Maharashtra, Bihar, and Uttarakhand DISCOMs (energy distribution corporations).
The under-implementation pipeline now stands at 22.8 million sensible meters, comprising 9 tasks with a contract worth of over Rs 27,195 crore.
In transmission, the corporate operationalised 1,244 circuit km in the course of the yr and ended with a complete transmission community of 20,509 circuit km.
A part of the Adani Group, AESL is the nation’s largest personal transmission firm, with a presence throughout 17 states of India and a cumulative transmission community of 20,509 ckm and 57,011 MVA transformation capability.
(Solely the headline and film of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Could 01 2024 | 7:05 AM IST
