• Associate Sponsor

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.

Written by Express News Service | Ahmedabad | Published: July 27, 2012 5:16 am

Gujarat Gas Company Ltd (GGCL),the country’s 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 company’s PAT stood at Rs 168.9 crore for the corresponding quarter in 2011.

Even if a quarter-on-quarter on comparison is made,the company’s 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.

For all the latest Ahmedabad News, download Indian Express App

  1. No Comments.
Adda