Announces Q3 results (Standalone & Consolidated), Limited Review Report (Standalone & Consolidated) & Results Press Release for the Quarter ended December 31, 2016

• Security Code: 539254
• Company: ADANIENSOL

Adani Transmission Ltd has announced the following results for the quarter ended December 31, 2016:

The Unaudited Standalone results for the Quarter ended December 31, 2016

The Company has posted a net profit of Rs. 78.40 million for the quarter ended December 31, 2016 where as the same was at net loss of Rs. (97.90) million for the quarter ended December 31, 2015. Total Income is Rs. 4525.40 million for the quarter ended December 31, 2016 where as the same was at Rs. 916.40 million for the quarter ended December 31, 2015.

The Consolidated Results are as follows:

The Unaudited Consolidated results for the Quarter ended December 31, 2016

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 992.80 million for the quarter ended December 31, 2016 where as the same was at Rs. 747.80 million for the quarter ended December 31, 2015. Total Income is Rs. 7344.30 million for the quarter ended December 31, 2016 where as the same was at Rs. 5292.80 million for the quarter ended December 31, 2015.

- During the quarter under review, Adani Transmission Limited ("the Company") has acquired 74% Equity Shares of Maru Transmission Service Company Limited (MTSCL) and Aravali Transmission Service Company Limited (ATSCL) w.e.f. 6th October, 2016 from GMR Energy Limited, The balance 26% of equity shares of MTSCL & ATSCL are pledged in favour of the Company and the same will also get transferred after fulfillment of certain regulatory requirements and completion of lock-in period. As per the agreement, during the lock-in period, the Company will be the beneficial owner of all the rights and accretions in connection with the pledged shares. Accordingly, the Company has determined that it has "in-substance" ownership of the pledged shares and it has consolidated financial statements of MTSCL and ATSCL as having 100% interest, Pursuant to the acquisition the figures for the current quarter and the nine month ended December 31, 2016 are not fully comparable with the figures of corresponding quarter and nine month of the previous year.