Business

Adani Transmission Q1 Result: Revenue, Profit Below Estimates

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Adani Transmission Ltd.’s quarterly revenue rose aided by newly commissioned power lines and increase in energy demand.The power transmission company’s revenue grew 11% year-on-year in the first quarter ended June to Rs 3,131.9 crore. That compares with Bloomberg’s consensus estimate of Rs 2,700.6 crore. Other Highlights (YoY) Net profit fell 57% to Rs 186 crore. Analysts expected Rs 259.7 crore. Operating profit fell 52% to Rs 673.3…



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