Adani Gas Q1 net profit grows 44 pct to Rs 79 crore
Adani Gas on Wednesday reported a 44% year-on-year (y-o-y) growth in net profit to `79.31 crore for the April-June quarter of 2019, led by increase in sales volume and improved operating margins. The sales volume for the June quarter grew 9% on-year to 137 million metric standard cubic meters per day(mmscmd) on the back of strong growth in both piped natural gas (PNG) and compressed natural gas (CNG) segments.
The PNG distribution volume grew 10% on year to 67 mmscmd, while the CNG volume grew 9% to 71 mmscm for the period.
