Anil Agrawal group-led Sterlite Power Transmission Limited today reported financial results for the year ended March 31, 2022. Profitability has been the key focus of the Company. During FY22, Sterlite Power sold a balance of 26% stake in commissioned project i.e. NER-II Transmission limited to India Grid Trust and recorded a gain on sale of `7,032 million (US$96 million). The capital generated through these monetization activities is used for reinvesting in under-construction projects in India.
The Company's consolidated income for FY22 was `59,946 million (US$ 789 million), a 57% increase from `38,170 million (US$522 million) in FY21. The Company’s consolidated EBITDA was `13,538 million (US 178 million) in FY22, a 25% decrease from `17,932 million (US 245 million) in FY21. Our consolidated profit was `4,401 million (US 58 million) in FY21 compared to a profit of `8,698 million (US 119 million). The profit was mainly driven by profit on the sale of commissioned assets in India. Consolidated Net worth improved to `16,988 million (US 224 million) in FY22, compared to `10,966 million (US 150 million) in FY21.