Home Business Adani Transmission shares surges 10% after Q3 results

Adani Transmission shares surges 10% after Q3 results

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(G.N.S) Dt. 18

New Delhi

Shares of Adani Transmission Ltd (ATL) surged 10 % after the company’s consolidated profit after tax (PAT) saw an eight-fold rise in the quarter through December 2017.

The stock gained 8.90 % to Rs. 252 – its 52-week high – on BSE.

At NSE, shares of the company soared 9.99 % to touch its one-year high of Rs. 254.20.

Adani Transmission yesterday said its consolidated PAT saw an eight-fold rise at Rs 842 crore in the quarter through December 2017.

The company had posted a PAT of Rs. 99.28 crore during the corresponding period of the previous fiscal.

Its consolidated income rose to Rs. 1,807.81 crore during the period under review as against Rs. 734.43 crore in the corresponding period of the previous fiscal.

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