Gujarat Gas Q1FY22 consolidated PAT climbs to Rs. 476.69 Cr
Gas

Gujarat Gas Q1FY22 consolidated PAT climbs to Rs. 476.69 Cr

The company has partly prepaid term loan to the extent of Rs. 170 Crore during the quarter.

  • By ICN Bureau | August 07, 2021

Gujarat Gas Limited has has reported total income of Rs.3087.21 crores during the period ended June 30, 2021 as compared to Rs.3508.14 crores during the period ended March 31, 2021.

The company reported total income of Rs.1122.28 crores during the period ended June 30, 2020.

Gujarat Gas has posted net profit of Rs.476.69 crores for the period ended June 30, 2021 as against net profit of Rs.350.86 crores for the period ended March 31, 2021.

It posted net profit of Rs.59.07 crores for the period ended June 30, 2020.

In addition to commencement of supply of 0.67 mmscmd (DCQ) gas from block KG-DWN-9813 (KG D6) during quarter ended on 3lSt March, 2021, during the April to June quarter, the company's domestic gas portfolio received further boost with commencement of 1.33 mmscmd (DCQ) gas supply from the recently auctioned RJ-ON-90/1 Block of Barmer field in Rajasthan under the gas purchase agreement with one of the upstream suppliers.

The company currently has a comfortable liquidity position and has partly prepaid term loan to the extent of Rs. 170 Crore during the quarter.

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