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Adani Gas reports over 2-fold jump in Q3 consolidated net profit

05 Feb 2020 Evaluate

Adani Gas has reported results for third quarter ended December 31, 2019.

The company has reported over 2-fold jump in its net profit at Rs 114.47 crore for the quarter under review as compared to Rs 45.50 crore for the same quarter in the previous year. Total income of the company increased by 6.56% at Rs 529.10 crore for Q3FY20 as compared Rs 496.52 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 115.54 crore for the quarter under review as compared to Rs 47.21 crore for the same quarter in the previous year. Total income of the company increased by 6.56% at Rs 529.10 crore for Q3FY20 as compared Rs 496.52 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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