Adani Transmission net profit falls 32 per cent
POWER & RENEWABLE ENERGY

Adani Transmission net profit falls 32 per cent

Adani Transmission reported a 32 per cent drop in consolidated net profit to Rs 1.94 billion in the September quarter compared to the same period last year, owing primarily to adverse forex movement adjustment. The company explained in a statement that consolidated PAT (profit after tax) or net profit of Rs 1.94 billion was lower year on year in the second quarter of FY23. According to the company, the Q2 number is not comparable due to an adverse forex movement (MTM) of Rs 1.38 billion (mark-to-market adjustment on foreign currency loans) vs a Rs 60 million gain in the corresponding quarter of the previous fiscal in the AEML (Adani Electricity Mumbai) business.

Also read:
Partly-built tunnel on Chandigarh-Manali highway collapses
BMC cancels ₹58 billion tender for road concretisation

Adani Transmission reported a 32 per cent drop in consolidated net profit to Rs 1.94 billion in the September quarter compared to the same period last year, owing primarily to adverse forex movement adjustment. The company explained in a statement that consolidated PAT (profit after tax) or net profit of Rs 1.94 billion was lower year on year in the second quarter of FY23. According to the company, the Q2 number is not comparable due to an adverse forex movement (MTM) of Rs 1.38 billion (mark-to-market adjustment on foreign currency loans) vs a Rs 60 million gain in the corresponding quarter of the previous fiscal in the AEML (Adani Electricity Mumbai) business. Also read: Partly-built tunnel on Chandigarh-Manali highway collapses BMC cancels ₹58 billion tender for road concretisation

Next Story
Real Estate

Mahindra Lifespaces Unveils ‘Home of Positive Energy’

Mahindra Lifespaces has introduced ‘Home of Positive Energy’, a brand philosophy aimed at enhancing well-being through thoughtful design, natural light, and green spaces. The launch includes a digital video campaign (DVC) and a Mobile Experience Centre—a first-of-its-kind traveling showcase across Mumbai.CMO Abhimanyu Mathur stated, “Every Mahindra home is designed as a sanctuary that nurtures aspirations and daily life.” The campaign, developed with The Womb, emphasizes differentiation beyond location and amenities, making well-being central to Mahindra Lifespaces’ identity.With t..

Next Story
Real Estate

Mumbai Registers 11,541 Property Deals in February 2025

According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4 per cent Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR).Nevertheless, stamp duty collections remained steady in February 2025, reaching Rs 8.96 billion (bn), which is almost identical to the Rs. 8.85 bn collected in February 2024. On a month-on-month comparis..

Next Story
Resources

Godrej Expands Smart Security Portfolio

Godrej Security Solutions has launched a new range of premium home lockers, blending sophisticated design with advanced security. The company aims for 20% growth in FY26 and a 70% market share in the home locker segment.The new lineup—NX Pro Slide, NX Pro Luxe, Rhino Regal, and NX Seal—features dual-mode access (digital & biometric), intelligent alarms, and space-efficient interiors. Additionally, the Defender Aurum Pro Royal Class E safe meets the BIS-certified QCO mandate for jewellers, while the AccuGold iEDX Series supports precise, non-destructive gold testing.Godrej is expanding ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?