Adani Transmission net profit falls 7.6% to Rs 237 cr in March quarter

Adani Transmission on Thursday reported a decline of 7.6 per cent in its consolidated net profit to Rs 237 crore in the March quarter.

The consolidated net profit of the company was Rs 256.55 crore in the quarter ended on March 2021, according to a company statement.

Total income rose to Rs 3,165.35 crore in the quarter from Rs 2,875.60 crore in the year-ago period.

According to the company, the decline in profit was on account of net forex movement (Mark To Market) of Rs 82 crore in distribution business.

The consolidated net profit in 2021-22 fiscal also dipped to Rs 1,236 crore. It stood at Rs 1,290 crore in the year-ago period.