May 25, 2024
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How was Adani Transmission’s Q3 result? This stock has lost 55% after the Hindenburg report

Adani Transmission, the first company of Adani Group, has announced the December quarter results. More than a 77 percent jump was recorded in profit, but the company’s stock still registered a decline of 10 percent.

Adani Transmission Q3 Results:

Adani Transmission has announced the results for the December quarter. The company’s profit registered a jump of 77.8 percent on an annual basis and stood at Rs 474.7 crore. Even today, Adani Transmission Share Price has closed at Rs 1256 with a 10 percent decline, which is a new low of 52 weeks. For the last three trading sessions, this stock is showing a lower circuit of 10 percent. After the Hindenburg report on Adani Group came out on January 24, this stock lost up to 55 percent. Let us inform you that this is the first company of the group which has announced the December quarter results.

 

How was Adani Transmission's Q3 result? This stock has lost 55% after the Hindenburg report

 

How was the result of Adani’s Transmission?

This is the first company of Adani Group which has released the December quarter results (Adani Transmission Q3 Results). Standalone revenue grew by 22 percent on an annual basis and stood at 3551.7 crores as against 2911.7 crores. On a consolidated basis, the company’s revenue from power generation and transmission stood at 3277 crores with a jump of 25 percent. EBITDA has increased from 901 crores to 1477.5 crores with a jump of 64 percent on an annual basis. Margins have also improved. It has increased from 30.9 percent to 41.6 percent. There was a 64 percent increase in EBITDA and it stood at 1477.5 crores.

 

The stock lost 55% after the Hindenburg report.

Talking about the Hindenburg report on Adani Transmission, the stock had closed at Rs 2784 on January 23. Hindenburg’s report came on January 24. Since then the stock has seen a continuous decline and it has broken down to Rs.1256. This is a new low of 52 weeks, while the highest level is Rs 4236.

 

How was Adani Transmission's Q3 result? This stock has lost 55% after the Hindenburg report

Adani Group promoters to pre-pay $1.11 billion

According to today’s latest news, the promoters of Adani Group have decided to pre-pay the loan of $1.11 billion i.e. about 8000 crores. Actually, the company has pledged the shares, which have been decided to be redeemed ahead of time. According to the information released by the company, due to pre-payment, the pledging of 168.27 million shares of Adani Ports, 11.77 million of Adani Transmission, and 27.56 million of Adani Green Energy will be removed. The maturity of share pledging was completed in September 2024.

How often will the results of Adani Group companies come

Talking about the resulting calendar, the result of Adani Transmission has come on Monday. Adani Green, Adani Port, Ambuja Cement, and NDTV results will come on Tuesday. The results of Adani Power and Adani Wilmar will come on Wednesday. The result of Adani Total Gas will come on Thursday.

 

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