Adani Transmission shares jump 10% after Q3 results

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 ₹252 - its 52-week high - on BSE.

At NSE, shares of the company soared 9.99 % to touch its one-year high of ₹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 ₹99.28 crore during the corresponding period of the previous fiscal.

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