{"id":300580,"date":"2019-11-13T11:07:05","date_gmt":"2019-11-13T05:37:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300580"},"modified":"2019-11-13T11:36:35","modified_gmt":"2019-11-13T06:06:35","slug":"adani-gas-q2-net-doubles-to-rs-120-cr-as-corporation-tax-cut-lowers-outgo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-gas-q2-net-doubles-to-rs-120-cr-as-corporation-tax-cut-lowers-outgo\/","title":{"rendered":"Adani Gas Q2 net doubles to Rs 120 cr as corporation tax cut lowers outgo"},"content":{"rendered":"<p>Adani Gas Ltd on Tuesday reported more than doubling of its second quarter net profit on lower tax rate. <\/p>\n<p>Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back, the company said in a statement. <\/p>\n<p>Revenue from operation soared 12 per cent to Rs 502.82 crore. <\/p>\n<p>The &#8220;increase in PAT reflects the reduction in tax expenses on account of changes made vide Tax Laws Amendment Ordinance 2019 as applicable to the company,&#8221; it said. <\/p>\n<p>The government had in September lowered base tax rate for corporates to 25 per cent from 30 per cent earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Gas Ltd on Tuesday reported more than doubling of its second quarter net profit on lower tax rate. Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back, the company said in a statement. Revenue from operation soared 12 per cent to Rs 502.82 crore. The &#8220;increase in PAT reflects the reduction in tax expenses on account of changes made vide Tax Laws Amendment Ordinance 2019 as applicable to the company,&#8221; it said. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-300580","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}