Gujarat Gas Company has reported a consolidated net profit of Rs 24.65 crore for the quarter ended December 31, 2011 as compared to Rs 82.13 crore for the same quarter last year, registering a substantial drop of 69.98%. However, total Income has increased from Rs 521.24 crore for the quarter ended Q42011 to Rs 671.85 crore for the quarter under review, registering a rise on 28.89%.

On standalone basis, the company has posted a net profit of Rs 24.79 crore for the quarter under review as compared to Rs 82.02 crore for corresponding quarter previous year, registering a considerable drop of 69.78%. Total Income has increased from Rs 519.81 crore for the quarter ended December 31, 2010 to Rs 670.47 for the quarter ended December 31, 2011, registering a rise on 28.98%.

The company has posted a net profit of Rs 273.48 crore for the year ended December 31, 2011 as compared to Rs 257.75 crore for the year ended December 31, 2010. Total Income has increased from Rs 1871.73 crore for the year ended December 31, 2010 to Rs 2475.08 crore for the year ended December 31, 2011.

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