Adani Transmission reports 73% rise in Q3 consolidated net profit

06 Feb 2023 Evaluate

Adani Transmission has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported net profit at Rs 99.10 crore for the quarter under review as compared to net loss of Rs 29.87 crore for the same quarter in the previous year. However, total income of the company decreased 11.32% at Rs 407.77 crore for Q3FY23 as compared to Rs 459.83 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 72.79% in its net profit at Rs 478.07 crore for the quarter under review as compared to Rs 276.67 crore for the same quarter in the previous year. Total income of the company increased 20.55% at Rs 3719.31 crore for Q3FY23 as compared to Rs 3085.20 crore for the corresponding quarter previous year.

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