Adani Transmission reports net profit of Rs 230 cr in Q2

Adani Transmission has reported a net profit of Rs 230 crore, a 156 per cent increase when compared to Rs 89.50 crore it posted in the year-ago period. After eliminating one-time interest income and revenue reversal, net of tax, of Rs 37 crore for the September-ended quarter, profit was up 82 per cent.

This rise was due to a combination of new transmission networks that have become fully operational and new orders. In the financial year 2019, Adani Transmission had seven transmission assets which became operational in this financial year and so far have contributed Rs 300 crore in revenue.

Revenues for the company also came in strong at Rs 2,638 crore, an 80 per cent when compared to Rs 1,300 crore it posted in the same period last year.