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Announcing its first results after takeover by the GSPC Group, Gujarat Gas Company Ltd (GGCL) has said its consolidated industrial sales in the second quarter ended June 30 declined by two per cent compared with the first quarter (January-March 2013). The consolidated net profit increased by 69 per cent between the two quarters due to price rise. The company’s PAT in the second quarter stood at Rs 100.6 crore (Rs 59.5 crore), whiles sales were Rs 746.8 crore (Rs 762.9 crore).
It sold 239 mmscm (million metric standard cubic metres) of gas (264 mmscm) in the period, Sugata Sircar, Managing Director, said in a release. While additional volumes have been commissioned in all the segments, volumes in industrial segment have been undergoing a churning with increasing price of gas, he said.
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