Adani Transmission Q3 Net Profit at 80 Crore

New Delhi: Adani Transmission Ltd, a part of business conglomerate Adani Group, on Tuesday reported consolidated net profit of Rs 79.94 crore for the December quarter.

The company's income from operations during quarter under review was Rs 526.50 crore, it said in a BSE filing.

"The company acquired its subsidiaries namely Adani Transmission (India) Ltd and Maharashtra Eastern Grid Power Transmission Company Ltd...In view of the same, comparable consolidated previous period figures for the quarter ended and nine months ended 31st December 2014 are not applicable," it added.

The firm's ebitda stood at Rs 477 crore during the third quarter of the current fiscal.

Adani Transmission is a leading private sector company with over 5,000 circuit km of operational lines across the western and northern regions of India along with 12,000 MVA capacity.

"With the thrust announced by the government in the Tariff Policy on the optimum development of the transmission network ahead of generation and attracting investments in the transmission sector, Adani Transmission Ltd (ATL) is well poised to leverage benefits of new opportunities and create value for its stake holders," said Gautam Adani Chairman of Adani Group.