Adani Transmission profit rises to 26% to Rs 213 crore
Adani Transmission, the transmission business unit of the Adani Group which recently acquired the power distribution of Mumbai, posted a 26% year-on-year (y-o-y) rise in net profit on a consolidated basis to Rs 213.4 crore in June quarter. Revenue for the quarter went up 316% yo-y to Rs 2,889.7 crore as the company included Rs 2,189-crore income from its Mumbai distribution business.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) was Rs 1,194 crore, up 173% y-o-y, of which Rs 584 crore is the contribution of the discom business. At the same time, expenses increased 425% to Rs 2,480.7 with the inclusion of power purchase and fuel costs of Rs 1,107.2 crore towards the discom segment.
