You are here: Home » Companies » Results
Business Standard

Adani Transmission Q4 net slightly down to Rs 95 cr; income up by Rs 200 cr

For fiscal 2017, the company reported a 13.17% increase in net profit

Press Trust of India  |  Mumbai 

Transmission, Power
Representative image

Ltd (ATL) on Saturday reported 5.17 per cent decline in consolidated for the fourth quarter ended March 31 at Rs 94.9 crore. The power transmission arm of the diversified Adani Group had reported a of Rs 100.08 crore in the corresponding period of last fiscal. Total for the January-March quarter, however, increased to Rs 841.37 crore from Rs 647.35 crore in Q4 FY16, registering a growth of 30 per cent, the company said in a statement here. "continues to pursue the organic as well as inorganic growth opportunities.

We have a strong and seamless integration of processes, people and technology which has laid a strong foundation for us to create the value for our stakeholders," Adani Group Chairman Gautam Adani said. For fiscal 2017, the company reported a 13.17 per cent increase in net profit at Rs 416.43 crore from Rs 367.94 crore in FY16, while revenues grew to Rs 2901.55 crore from Rs 2267.39 crore in fiscal 2016-17. During Q4 FY17, the company received three LOIs from (Rajasthan Rajya Vidyut Prasaran Nigam) of around 350 ckms of lines and 16 substations with transformation capacity of nearly 600 MVA at a voltage level of 132/220 KV on build, own, operate and maintain (BOOM) basis in Rajasthan. "With the completion of all ongoing projects and acquisition of Reliance Infra's operational transmission assets along with these three projects, the network of ATL is expected to surpass 11,000 ckt kms," the company said. It said construction of projects won under (TBCB) are well ahead of scheduled time of completion and within the budget.

First Published: Sat, May 27 2017. 17:34 IST