Adani Gas shares fall nearly 4% as Q1 profit drops

Shares of Adani Gas on Thursday declined nearly 4 per cent after the company reported 42 per cent drop in June quarter net profit. The company’s stock declined 3.81 per cent to Rs 152.50 on the BSE.

At the NSE, it fell 3.75 per cent to Rs 152.55.

Adani Gas, the city gas utility of Adani Group, on Wednesday reported 42 per cent drop in June quarter net profit as sales volumes got impacted because of the coronavirus lockdown.