Adani Transmission Gains After Net Profit Jumps 4 Folds In March Quarter

Share price of Adani Transmission gained more than four per cent on Friday, May 6, a day after announcing its January-March quarter results for the fiscal year 2020-21. On Friday, Adani Transmission opened on the BSE at Rs 1,160, witnessing an intra day high of Rs 1,187.60 and an intra day low of Rs 1,140.10, in the session so far. According to a regulatory filing by the firm to the BSE, Adani Transmission reported a net profit of Rs 256.55 crore in the March quarter of the fiscal year 2020-21. (Also Read: Adani Green Energy Gains After Net Profit Rises 86% In March Quarter )

According to the statement, Adani Transmission reported a net profit of Rs 58.97 crore in the corresponding quarter last year, marking a four-fold increase in net profit during the last quarter of fiscal 2020-21. Adani Transmission's total income stood at Rs 10,458.93 crore in the financial year 2020-21, as against Rs 706.49 crore in the previous fiscal 2019-20. (Also Read: Adani Ports Profit Quadruples To ₹ 1,287.81 In March Quarter )

Meanwhile, the multinational conglomerate Adani Ports and Special Economic Zones also reported a four-fold jump in its net profit in the fourth quarter to Rs 1,287.81 crore.

On the NSE, Adani Transmission opened at Rs 1,163, touching an intra day high of Rs 1,182.80 and an intra day low of Rs 1,133, in the trading session so far. It was last trading 4.75 per cent higher at Rs 1,180 on the NSE.

Shares of Adani Transmission were last trading 4.29 per cent higher at Rs 1,179.60 on the BSE.