Adani Transmission Limited reports 32 per cent rise in profits

Adani Transmission Limited (ATL) has reported has a 32 per cent increase in profits for the December 2019-ended quarter on the back of strong operational performance.

In Q3, ATL raked in profits of Rs 2014 crore when compared to Rs 154 crore posted in the December 2018-ended quarter.

Revenues in Q3 for ATL saw a 3 per cent rise to Rs 2,572 crore when compared to Rs 2,495 crore in the comparable period.

Gautam Adani, Chairman, Adani Group, said in a statement that there is abundant potential and significant growth in India’s transmission sector in the coming years. “With the Government’s core focus towards the objective of 24×7 Power for all, Adani Transmission Limited with its widespread network and continuous growth looks forward to expand its business at large.