Adani Gas Q3 net profit up 22.08% at Rs 45.50 cr
13/02/2019 18:10
The company reported standalone net profit of Rs 45.50 crore for the quarter ended December 31, 2018 as compared to Rs 37.27 crore in the same period last year, registering a year-on-year growth of 22.08 per cent.

Net revenue of the company rose substantially by 39.63 per cent at Rs 457.34 crore in October-December quarter of this fiscal as against Rs 327.53 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 44.46 per cent to Rs 350.38 crore from Rs 242.54 crore in year ago period.

Other Income dipped by 54.68 per cent at Rs 11.68 crore versus (Dec'17 Rs 25.77 crore).

Operating Profit surged by 25.85 per cent to Rs 106.96 crore as against Rs 84.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.87 per cent in December quarter.

Interest declined by 71.73 per cent y-o-y to Rs 10.42 crore, while Taxation decreased by 3.24 per cent at Rs 20.61 crore (Dec'17 Rs 21.30 crore).