Adani Transmission Q2 net soars to Rs 152.90; share up 18%

MUMBAI: Adani Transmission’s consolidated net profit soared to Rs 152.90 crore in the second quarter of 2015-16 from Rs 29.61 crore in the previous quarter, the company notified the bourses.

The company’s consolidated total income Rs 564.24 crore in the September as against Rs 468.15 in the previous quarter.

Reacting to the result, shares of the company rose over 18% to Rs 34.45 on the Bombay Stock Exchange at 14:25 IST.

“As the largest private power transmission company in the country and the Government thrust on huge investment in power transmission sector along with progressive policy initiatives, Adani Transmission is best poised to tap growth and create value for all its stakeholders,” Gautam Adani, chairman of the Adani Group, said.

Adani Transmission has a transmission network of over 5,000 circuit kms of transmission lines across western and northern regions of India.