{"id":366470,"date":"2020-08-06T12:09:26","date_gmt":"2020-08-06T06:39:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366470"},"modified":"2020-08-06T12:09:26","modified_gmt":"2020-08-06T06:39:26","slug":"adani-gas-net-profit-drops-42-to-rs-46-crore-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-gas-net-profit-drops-42-to-rs-46-crore-in-q1\/","title":{"rendered":"Adani Gas net profit drops 42% to Rs 46 crore in Q1"},"content":{"rendered":"<p>Adani Gas on Wednesday reported a 41.6% year-on-year (Y-o-Y) drop in net profit to Rs 46.3 crore for the April-June quarter of FY21, as natural gas demand dropped significantly in the period of Covid-19-induced lockdown. The sales volume for the June quarter fell 53% YoY to 64 million metric standard cubic meters per day (mmscmd) as piped natural gas (PNG) demand fell 40% and compressed natural gas (CNG) supply dropped 66%.<\/p>\n<p>Earnings before interest, taxes, depreciation, and amortisation (ebitda) for the June quarter fell 41.1% YoY to Rs 86 crore, while ebitda margins were up 1,100 basis points to 41.5% on better realisations. Total expenses in the third quarter fell 58.5% YoY to Rs 152.4 crore as it spent only Rs 75.3 crore to buy natural gas \u2014 72.5% lesser than a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Gas on Wednesday reported a 41.6% year-on-year (Y-o-Y) drop in net profit to Rs 46.3 crore for the April-June quarter of FY21, as natural gas demand dropped significantly in the period of Covid-19-induced lockdown. The sales volume for the June quarter fell 53% YoY to 64 million metric standard cubic meters per day (mmscmd) as piped natural gas (PNG) demand fell 40% and compressed natural gas (CNG) supply dropped 66%. Earnings before interest, taxes, depreciation, and amortisation (ebitda) for the June quarter fell 41.1% YoY to Rs 86 crore, while ebitda margins were up 1,100 basis points to 41.5% [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-366470","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366470","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366470"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366470\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}