Adani Transmission profit drops 78 %

NEW DELHI: Adani Transmission on Wednesday reported a 77.52 per cent drop in its consolidated net profit at Rs 189.22 crore in the quarter ended on December 31, 2018, mainly due to higher base last fiscal on account of factoring in one-time income of Rs 742 crore. The company's consolidated net profit was Rs 841.88 crore in the third quarter last fiscal, a company statement said. "The consolidated net profit for third quarter this fiscal is Rs 189 crore compared to Rs 100 crore year ago after eliminating one time income of Rs 742 crore (net of tax)," it added.