Adani Gas Q1 results: Net profit drops 42%
NEW DELHI: Adani Gas Ltd, the city gas utility of Adani Group, on Wednesday reported a 42 per cent drop in June quarter net profit as sales volumes got impacted because of the coronavirus lockdown.
Net profit of Rs 46 crore in April-June compared with Rs 79 crore net profit a year back, the company said in a statement.
“With continued lockdown of 69 days in Q1 FY21 the company witnessed volume impact of 53 per cent as compared to Q1 FY20,” it said.
