Adani Transmission shines on reporting 73% rise in Q3 consolidated net profit
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Adani Transmission is currently trading at Rs. 1324.45, up by 63.05 points or 5.00% from its previous closing of Rs. 1261.40 on the BSE.
The scrip opened at Rs. 1198.35 and has touched a high and low of Rs. 1324.45 and Rs. 1198.35 respectively. So far 252831 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4238.55 on 16-Sep-2022 and a 52 week low of Rs. 1,198.35 on 07-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1825.95 and Rs. 1198.35 respectively. The current market cap of the company is Rs. 147741.43 crore.
The promoters holding in the company stood at 74.19%, while Institutions and Non-Institutions held 23.09% and 2.72% respectively.
Adani Transmission has reported net profit at Rs 99.10 crore for the quarter ended December 31, 2022 as compared to net loss of Rs 29.87 crore for the same quarter in the previous year. However, total income of the company decreased 11.32% at Rs 407.77 crore for Q3FY23 as compared to Rs 459.83 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 72.79% in its net profit at Rs 478.07 crore for the quarter under review as compared to Rs 276.67 crore for the same quarter in the previous year. Total income of the company increased 20.55% at Rs 3719.31 crore for Q3FY23 as compared to Rs 3085.20 crore for the corresponding quarter previous year.
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