Adani Transmission said on Thursday that its consolidated net profit rose more than four times to Rs 256.55 crore in the March quarter. The company said in the BSE filing that it had a net profit of Rs 58.97 crore in the year-ago period. The company’s total income stood at Rs 2,875.60 crore in the March quarter, compared to Rs 3,317.51 crore a year ago.
The consolidated net profit of the company in 2020-21 was Rs 1,289.57 crore, which was Rs 706.49 crore in 2019-20. The total income of the company was Rs 10,458.93 crore in 2020-21, which was Rs 11,681.29 crore in 2019-20.
Gautam Adani, chairman of the Adani Group, said that there has been excellent progress in the power and transmission sector during the last two decades. Today, the government’s campaign like fortunes and emphasis on renewable has greatly expanded the access to electricity. He said that new opportunities are expected to come in the sector in the next two decades, which is based on recovery in the economy after the epidemic and positive investment outlook.
13.13 crore profit to Adani Power
At the same time, Adani Power has a consolidated net profit of Rs 13.13 crore in the March 2021 quarter. The main reason for this is more revenue. A BSE filing stated that the company had a consolidated net loss of Rs 1,312.86 crore for the quarter ended 31 March 2020.
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The company’s total income increased to Rs 6,902.01 crore in the quarter, from Rs 6,327.57 crore in the year-ago period. The consolidated net profit of the company has been at Rs 1,269.98 crore for the entire financial year (2020-21). The company had a loss of Rs 2,274.77 crore in 2019-20. The total income of the company stood at Rs 28,149,68 in 2020-21, which was Rs 27,841.81 crore in 2019-20.
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