{"id":300708,"date":"2019-11-13T13:02:25","date_gmt":"2019-11-13T07:32:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300708"},"modified":"2019-11-13T13:02:25","modified_gmt":"2019-11-13T07:32:25","slug":"adani-gas-q2-net-doubles-to-rs-120-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-gas-q2-net-doubles-to-rs-120-cr\/","title":{"rendered":"Adani Gas Q2 net doubles to Rs 120 cr"},"content":{"rendered":"<p>New Delhi, Nov 12 () Adani Gas Ltd on Tuesday reported more than doubling of its second quarter net profit on lower tax rate.<br \/>\nConsolidated 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>New Delhi, Nov 12 () 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 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-300708","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300708","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300708"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300708\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}