Adani Transmission profit declines 77.52% in Q3

NEW DELHI: Adani Transmission on Wednesday reported a 77.52% drop in its consolidated net profit at ₹189.22 crore in the quarter ended December 31, 2018, mainly due to higher base last fiscal on account of factoring in one-time income of ₹742 crore. The company’s consolidated net profit was ₹841.88 crore in the third quarter last fiscal, a company statement said. “The consolidated net profit for third quarter this fiscal is ₹189 crore compared to ₹100 crore year ago after eliminating one time income of ₹742 crore (net of tax),” it added. The total income rose to ₹2,921.07 crore in third quarter this fiscal from ₹1,806.50 crore year ago.