Adani Gas standalone net up 44%
Adani Group’s city gas distribution arm, Adani Gas Ltd (AGL), posted standalone net profit of ₹79 crore for the quarter ended June 2019, up 44 per cent as against ₹55 crore reported in the corresponding quarter a year ago.
Standalone revenues from operations stood at ₹479 crore for the quarter, up from ₹396 crore in the same quarter last year.
On a consolidated basis, the company’s net profit stood at ₹79 crore up from ₹55 crore in the same quarter last year. The company reported consolidated revenues from operations for the quarter at ₹479 crore, up from ₹396 crore reported last year. The company’s operations saw overall 9 per cent growth in sales volume to 137 MMSCM on the back of strong volume growth in both PNG and CNG distribution.
