Gujarat Gas slips 4% on weak June quarter performance
MUMBAI : Shares of Gujarat Gas declined as much as 3.84% on Wednesday after its consolidated net profit slumped 74.8% to ₹59.07 crore for the quarter ended 30 June against ₹234.04 crore for the same quarter last year.
At 14:05 pm, Gujarat Gas was trading at ₹307.45 apiece, down 0.71% from its previous close, while the benchmark Sensex was flat at 37,682.36 points.
Net Sales fell 58.6% to ₹1,082.92 crore in Q1 June 2020 from ₹2614.61 crore in Q1 June 2019. Consolidated profit before tax (PBT) dropped 78.2% to ₹78.70 crore year-on-year in the period under review.
