The City Gas Distribution (CGD) entity of the Adani Group, Adani Gas Limited (AGL) on Monday reported a sharp jump in the standalone net profit at ₹76 crore for the quarter ended March 2019, up by 90 per cent from ₹40 crore in the corresponding quarter a year ago.
Company’s total standalone income for the quarter stood at ₹506 crore, up from ₹494 crore in the same quarter last year.
At its meeting held on Monday, the Board of Directors recommended dividend of Re 0.25 per equity share of face value of Re 1 each for the financial year 2018-19.
For the fiscal 2018-19, company’s standalone net profit stood at ₹229 crore, up by 39 per cent from ₹165 crore in the previous year. Total standalone income for the year stood at ₹1,910 crore, up from ₹1,538 crore last year.
