{"id":614675,"date":"2023-11-03T10:14:39","date_gmt":"2023-11-03T04:44:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614675"},"modified":"2023-11-03T12:11:36","modified_gmt":"2023-11-03T06:41:36","slug":"gujarat-gas-q2-results-net-profit-drops-26-on-lower-selling-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gujarat-gas-q2-results-net-profit-drops-26-on-lower-selling-prices\/","title":{"rendered":"Gujarat Gas Q2 results: Net profit drops 26% on lower selling prices"},"content":{"rendered":"<p>Indian city gas distributor Gujarat Gas posted a more than 26% drop in second-quarter profit on Thursday, hurt by lower selling prices and steep competition. <\/p>\n<p>Standalone net profit after tax fell to 2.98 billion rupees ($35.82 million) in the three months ended Sept. 30 from 4.04 billion rupees a year earlier. <\/p>\n<p>Revenue from operations dropped more than 2% to 39.91 billion rupees. <\/p>\n<p>City gas distributors have cut their prices this year to pass on the benefits of falling global gas prices amid stringent competition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian city gas distributor Gujarat Gas posted a more than 26% drop in second-quarter profit on Thursday, hurt by lower selling prices and steep competition. Standalone net profit after tax fell to 2.98 billion rupees ($35.82 million) in the three months ended Sept. 30 from 4.04 billion rupees a year earlier. Revenue from operations dropped more than 2% to 39.91 billion rupees. City gas distributors have cut their prices this year to pass on the benefits of falling global gas prices amid stringent competition.<\/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-614675","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\/614675","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=614675"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614675\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}