Adani Transmission posts 85% rise in consolidated net in Q4
Mumbai: Adani Transmission on Monday reported an 85% growth in consolidated net profit at ‘440 crore for the three months ended March 31. The same stood at ‘237 crore in the year-ago period.
In a regulatory filing, the company said the increase was primarily driven by one-time income of ‘148 crore from regulatory order in the transmission business (a net positive impact of ’21 crore after adjusting for a provision of ‘131 crore (net of tax ‘101 crore) and aided by a mid-term true-up order by the regulator in AEML.
