Adani Transmission reports net profit of Rs 230.43 crore in Sept quarter

Adani Transmission on Thursday reported that its consolidated net profit rose two-and-a-half times to Rs 230.43 crore in the second quarter ended September 30, mainly on account of higher revenues.

Its consolidated net profit was Rs 89.50 crore in the corresponding quarter a year ago, the company said in a BSE filing.

The firm’s total income during the July-September 2019 quarter increased to Rs 2,638.32 crore, compared with Rs 1,462.56 crore a year ago.

Adani Group Chairman Gautam Adani said, “With the government’s accelerated efforts towards scaling infrastructure and improving electrification in rural areas, Adani Transmission is poised to support this growth. We have always strived to be a significant contributor toward nation building and we will continue to explore opportunities for growth by leveraging our strong transmission network.”