Gujarat Gas records YoY increase in net profit during third quarter of FY 2022-23

Gujarat Gas Limited reported a 204.48 per cent year-on-year (YoY) rise in the net profit in the third quarter of financial year (FY) 2022-23. Net profit during the quarter came in at Rs 3.71 billion against Rs 1.21 billion profit in the same period during FY 2021-22.

The revenue from operations witnessed a fall of 27.10 per cent on YoY basis from Rs 52.41 billion to Rs 38.21 billion for the same duration and the profit before tax increased by 207.26 per cent to Rs 4.97 billion from Rs 1.61 billion.