City gas distribution company Adani Gas reported a profit before tax (PBT) of Rs 156 crore, a rise of 30 per cent on a year on year basis due to better operational performance. The company saw a marginal decline in its compressed natural gas (CNG) volumes for the March quarter.
With demand from industrial, commercial and transportation down, the hit on volumes is expected to be higher for the June quarter.
For the March 2020 ended quarter, the company reported a profit after tax (PAT) of Rs 122 crore, 61 per cent higher compared to the same quarter a year ago. Revenue for the company saw a marginal dip of 1 per cent at Rs 490 crore.
Adani Gas total sales volume was at 145 MMSCM