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Gujarat Gas net profit slides 10% in 2QFY2000 - Views on News from Equitymaster
 
 
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  • Nov 1, 1999

    Gujarat Gas net profit slides 10% in 2QFY2000

    Gujarat Gas Company has reported a 10% decline in net profit to Rs 126 m, despite a 31% surge in turnover to Rs 602 m, in 2QFY2000.

    The profitability of the company weas adversely affected due to higher interest (up 641%) and depreciation (up 78%) charges.

      2QFY2000 2QFY1999 Change
    Net Sales 602 458 31.4%
    Other Income 42 38 10.5%
    Expenditure 460 335 37.2%
    Interest 29 4 640.7%
    Depreciation 30 17 78.0%
    Profit before Tax 126 140 -10.4%
    Tax 0 0 -
    Profit after Tax 126 140 -10.2%
    Net profit margin 20.9% 30.6% -31.7%

     

     

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