Adani Transmission reports over 3-fold jump in Q4 consolidated net profit

07 May 2021 Evaluate

Adani Transmission has reported results for fourth quarter and year ended March 31, 2021.

The company has reported net loss of Rs 16.89 crore for the quarter under review against net profit of Rs 22.23 crore for the same quarter in the previous year. Total income of the company decreased by 32.68% at Rs 613.39 crore for Q4FY21 as compared Rs 911.18 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 3-fold jump in its net profit attributed to the shareholders at Rs 238.42 crore for the quarter under review as compared to Rs 94.30 crore for the same quarter in the previous year. However, total income of the company decreased by 13.32% at Rs 2,875.60 crore for Q4FY21 as compared Rs 3,317.51 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported net loss of Rs 21.21 crore against net profit of Rs 5.54 crore for the previous year. Total income of the company decreased by 13.24% at Rs 1,434.66 crore for year under review as compared to Rs 1,653.62 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 65% in its net profit attributed to the shareholders at Rs 1,224.04 crore as compared to Rs 741.82 crore for the previous year. However, total income of the company decreased by 10.46% at Rs 10,458.93 crore for year under review as compared to Rs 11,681.29 crore for year ended March 31, 2020.

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