The scrip dropped 4.55 per cent to Rs 41.95 on BSE.
On NSE, it plunged 4.99 per cent to Rs 41.85.
Adani Transmission Ltd yesterday reported a 38.63 per cent drop in consolidated net profit at Rs 99.54 crore for the July-September period, the second quarter of the current fiscal.
The company's net profit after taxes (PAT), minority interest and share of profit of associates had stood at Rs 162.20 crore in the September quarter of 2015-16, Adani Transmission Ltd said in a BSE filing.
According to statement, the company's total income from operations (net) increased to Rs 682.70 crore in the quarter under review from Rs 564.24 crore in the same period a year ago.