Adani Transmission Q3 net rises 33% year-on-year to Rs 204 crore

Adani Transmission on Thursday reported a 32.5% y-o-y increase in consolidated net profit to Rs 204 crore in the October-December quarter of 2019 on sharp increase in operating margins. Operating margins for the December quarter rose 1,069 basis points on year to 43.31% as overall expenses fell. The overall expenses were lower by 6.7% y-o-y at Rs 2,477.75 crore as the cost of power purchased for the third quarter fell 21.29% y-o-y to Rs 667.67 crore, and the cost of fuel consumed fell 17% y-o-y to Rs 233 crore. Revenue from operations rose 3% y-o-y to Rs 2,572 crore on higher revenue contribution from the transmission business, even as the revenue from distribution business fell marginally 1% during the quarter. Adani Transmission’s operating profit for the December quarter was higher by 37% y-o-y at Rs 1,114 crore.