Friday, November 6, 2020

Adani Transmission posts 7% fall in net profit at Rs 214 cr in Q2

Adani Transmission Ltd (ATL) on Thursday posted about 7 per cent fall in consolidated net profit at Rs 214.13 crore for September quarter 2020-21, mainly on account of reduced income. In the year-ago period, the net profit was Rs 230.43 crore, the company said in a BSE filing. Total income during July-September reducedto Rs 2,306.45 crore from Rs 2,638.32 crore a year ago. Total expenses were at Rs 2,044.13 crore as against Rs 2,300.51 crore in the year-ago period. There is abundant potential for increased growth in India's transmission sector in the coming years. We are spearheading our energies and efforts towards providing reliable power supply across the nation. "With the government's core objective of 24x7 power for all, considering anticipated growth and demand for power in major parts of the country, ATL is committed to deliver continuous growth and is helping in strengthening the transmission network across the nation," Gautam Adani, Chairman, Adani Group, said in a ...

from Today's Paper https://ift.tt/34YbD38
via

No comments:

Post a Comment

If you have any doubts please let me know!

India's low score on GVC a starting point for recovery from pandemic: AIIB

India rated 7.4 percentage points below the average global value chain participation rate for emerging economies from Today's Paper ht...