Gujarat Gas net profit down by 69% this quarter

Gujarat Gas Company Ltd,the countrys largest natural gas distribution company,has registered 69% dip in profit after tax.

Written by Express News Service

Ahmedabad | July 27, 2012 05:16 AM IST

1 min read

Gujarat Gas Company Ltd (GGCL),the countrys largest natural gas distribution company,has registered 69% dip in profit after tax (PAT),clocking Rs 52.8 crore for the April-June quarter of 2012. The companys PAT stood at Rs 168.9 crore for the corresponding quarter in 2011.

Even if a quarter-on-quarter on comparison is made,the companys PAT is down by 20% when compared to the figures of January-March 2011.

The net sales of the company also fell by 30%,registering Rs 765.9 crore for the April-June quarter,compared to 1,096.9 crore in the same quarter in 2011,a release on the Bombay Stock Exchange stated.

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Gujarat Gas net profit down by 69% this quarter

Gujarat Gas Company Ltd,the countrys largest natural gas distribution company,has registered 69% dip in profit after tax.

Gujarat Gas Company Ltd,the countrys largest natural gas distribution company,has registered 69% dip in profit after tax.