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Gujarat Gas Company reports 15% fall in Q3 consolidated net profit

13 Feb 2015 Evaluate

Gujarat Gas Company has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 15.67% in its net profit at Rs 76.59 crore for the quarter under review as compared to Rs 90.82 crore for the same quarter in the previous year. Total income of the company decreased by 22.74% at Rs 615.15 crore for Q3FY15 as compared Rs 796.23 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after taxes and minority interest declined 15.15% to Rs 76.92 crore for the Q3 FY15, as compared to Rs 90.65 crore in Q3 FY14. The total income decreased 22.78% to Rs 615.72 crore in the quarter under review as compared to Rs 797.32 crore in the corresponding quarter previous year.

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