{"id":350574,"date":"2020-05-11T11:11:52","date_gmt":"2020-05-11T05:41:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350574"},"modified":"2020-05-11T11:57:55","modified_gmt":"2020-05-11T06:27:55","slug":"adani-transmission-net-profit-down-60-to-%e2%82%b959-crore-on-write-off-over-finance-sunk-cost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-transmission-net-profit-down-60-to-%e2%82%b959-crore-on-write-off-over-finance-sunk-cost\/","title":{"rendered":"Adani Transmission net profit down 60% to \u20b959 crore on write-off over finance sunk cost"},"content":{"rendered":"<p>Transmission Limited (ATL) reported a drop in net profit in Q4 due to one-time write-off concerning finance sunk cost.<\/p>\n<p>In the March-ended quarter, ATL\u2019s net profit was Rs 58.97 crore, a 60 per cent drop when compared to Rs 146.7 crore posted in the year-ago period. The one-time write-off was Rs 185 crore, which was categorised as finance sunk cost (non-cash item). Finance sunk cost is a cost that has already incurred but cannot be recovered. <\/p>\n<p>For full fiscal 2019-20, consolidated net profit rose to Rs 706.49 crore, a 26 per cent jump from Rs 559.20 crore posted in 2018-19. <\/p>\n<p>Gautam Adani, Chairman, Adani Group, said, \u201cThere is abundant potential for significant growth in India&#8217;s transmission sector in the coming years. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transmission Limited (ATL) reported a drop in net profit in Q4 due to one-time write-off concerning finance sunk cost. In the March-ended quarter, ATL\u2019s net profit was Rs 58.97 crore, a 60 per cent drop when compared to Rs 146.7 crore posted in the year-ago period. The one-time write-off was Rs 185 crore, which was categorised as finance sunk cost (non-cash item). Finance sunk cost is a cost that has already incurred but cannot be recovered. For full fiscal 2019-20, consolidated net profit rose to Rs 706.49 crore, a 26 per cent jump from Rs 559.20 crore posted in 2018-19. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-350574","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350574"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350574\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}