Gujarat Gas Ltd on Monday reported a 77 per cent jump in net profit for the quarter ended March 2019 on the back of higher sales.
Its net profit in the January-March period at Rs 116.54 crore, or Rs 1.69 a share, was higher than Rs 65.95 crore, or Rs 0.96 per share, earning in the corresponding period of the previous fiscal, the company said in a regulatory filing.
The company’s sales rose to Rs 1,963.26 crore from Rs 1,777.82 crore in January-March 2018.
For the full fiscal 2018-19, net profit was up 43 per cent at Rs 417 crore.
The company added 63 new CNG stations in 2018-19, highest-ever in a year . The firm commissioned its first CNG station in Narmada within four months of receiving city gas distribution licence.
