{"id":366394,"date":"2020-08-06T10:14:31","date_gmt":"2020-08-06T04:44:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366394"},"modified":"2020-08-06T10:36:56","modified_gmt":"2020-08-06T05:06:56","slug":"adani-gas-profit-declines-42-in-june-quarter-as-lockdown-impacts-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-gas-profit-declines-42-in-june-quarter-as-lockdown-impacts-sales\/","title":{"rendered":"Adani Gas profit declines 42% in June quarter as lockdown impacts sales"},"content":{"rendered":"<p>Adani Gas Ltd, the city gas utility of Adani Group, on Wednesday reported a 42 per cent drop in June quarter net profit as sales volumes got impacted because of the coronavirus lockdown. <\/p>\n<p>Net profit of Rs 46 crore in April-June compared with Rs 79 crore net profit a year back, the company said in a statement. <\/p>\n<p>&#8220;With continued lockdown of 69 days in Q1 FY21 the company witnessed volume impact of 53 per cent as compared to Q1 FY20,&#8221; it said. <\/p>\n<p>Gas sales volumes dropped to 64 million standard cubic meters in the first quarter of fiscal year beginning April 2020, from 137 mmscm in the same period a year back.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Gas Ltd, the city gas utility of Adani Group, on Wednesday reported a 42 per cent drop in June quarter net profit as sales volumes got impacted because of the coronavirus lockdown. Net profit of Rs 46 crore in April-June compared with Rs 79 crore net profit a year back, the company said in a statement. &#8220;With continued lockdown of 69 days in Q1 FY21 the company witnessed volume impact of 53 per cent as compared to Q1 FY20,&#8221; it said. Gas sales volumes dropped to 64 million standard cubic meters in the first quarter of fiscal year beginning [&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-366394","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\/366394","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=366394"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366394\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}