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Adani Gas reports over 2-fold jump in Q2 consolidated net profit

13 Nov 2019 Evaluate

Adani Gas has reported results for second quarter ended September 30, 2019.

The company has reported over 2-fold jump in its net profit at Rs 120.43 crore for the quarter under review as compared to Rs 52.19 crore for the same quarter in the previous year. Total income of the company increased by 8.06% at Rs 514.43 crore for Q2FY20 as compared Rs 476.04 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 120.06 crore for the quarter under review as compared to Rs 50.66 crore for the same quarter in the previous year. Total income of the company increased by 8.06% at Rs 514.43 crore for Q2FY20 as compared Rs 476.04 crore for the corresponding quarter previous year.

Peers
Company Name CMP
GAIL (India) 170.50
Gujarat Energy 243.45
Indraprastha Gas 150.15
Mahanagar Gas 1072.65
Adani Total Gas 579.95
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