Companies

Adani Transmission Q1 standalone net dips to ₹1.5-cr

Our Bureau Ahmedabad | Updated on August 09, 2019 Published on August 09, 2019

Adani Transmission Limited (ATL) on Thursday posted standalone net profit of ₹1.5 crore for the June quarter, down from ₹31 crore reported in the same quarter last year.

Company's standalone revenues from operations for the quarter reduced to ₹0.06 crore against ₹68 crore reported in the corresponding quarter last year.

On consolidated basis, company posted net profit of ₹213 crore for the quarter under review, up 80 per cent from ₹169 crore in the same quarter last year. Consolidated revenues from operations stood at ₹2858 crore for the quarter, up from ₹553 crore last year.

Anil Sardana, MD & CEO, Adani Transmission Ltd said, "Adani Transmission has delivered strong operational and financial performance for first quarter of 2019-20. We maintained industry-leading availability of 99.93 per cent for our Transmission lines.

“Our Mumbai Distribution business, acquired last year, is performing well, with operational EBITDA up 21 per cent y-o-y," he added.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 09, 2019
This article is closed for comments.
Please Email the Editor