InvestorQ : Why was Adani Gas stock down in trading on Thursday?
Khushi Patel made post

Why was Adani Gas stock down in trading on Thursday?

Answer
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Anjana Aiyar answered.
1 month ago


On 06 August, Adani Gas fell by 4% after it reported a 49% fall in its PBT at Rs.62.58 crore in the Jun-20 quarter. Even the net profits fell by 42% at Rs.46.33 crore. On the top line, the company witnessed a huge volume impact of 53% on a YOY basis. For the Jun-20 quarter, the gas sales volumes dropped to 64 MMSCM from 137 MMSCM in the year ago period.