New Delhi: While Gautam Adani was in discussions last year in 2022 as the highest-grossing billionaire, this year 2023 he is in discussion regarding the loss of maximum assets. The report of American research firm Hindenburg has propelled the Adani Group to bear huge losses in a few days. For Gautam Adani, who is facing the biggest loss so far, a piece of good news has come to the fore in times of crisis. His company Adani Transmission registered a profit of 73 percent in the December quarter.
According to the report, Adani Transmission announced the results for the third quarter (October-December) of the financial year 2022-23 on Monday. It was told by the company that there has been a jump of 73 percent in its net profit. Releasing the figures, it has been told that the profit of Adani Transmission stood at Rs 478 crore during this period, which was earlier recorded at Rs 267 crore in the same quarter of FY 2021-22.
Announcing the results of the October-December quarter on behalf of the company, it has been said that the revenue of Adani Transmission in the third quarter has been Rs 2,623 crore. Which is 16 percent more than the same period of the previous financial year. Along with this, the EBITDA of Adani's company has also increased by 28.9 percent to Rs 1,798 crore in the last quarter. Explaining the reason for this increase in revenue, the company has said that the company's revenue has increased due to the commissioning of new transmission lines.
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