Adani Transmission Posts Profit of Rs 29 Cr in June Quarter

New Delhi: Adani Transmission Ltd, a part of the Adani Group business conglomerate, on Monday reported a consolidated net profit of Rs 29.61 crore for the quarter ended June 2015.

Consolidated total income from operations during the quarter was at Rs 468.15 crore, the company said in a regulatory filing.

"Pursuant to the acquisition of Adani Transmission (India) Ltd and Maharashtra Eastern Grid Power Transmission effective March, 2015 in the previous year and also due to the merger of transmission undertaking of AEL (Adani Enterprises Ltd) with the company during the quarter...the figures of the quarter are not comparable with immediately preceding quarter to that extent," the company said.

"In view of the same, details for the quarter ended June 30, 2014 are not applicable," it added.

In a major recast of operations, diversified Adani Group had said earlier this year that it has consolidated its ports, power and mining assets into three separately listed firms and would list a new company for transmission business, while unlocking value worth over Rs 60,000 crore for shareholders.