Gujarat Gas, a mid-cap company in the Gas & Petroleum sector, reported a consolidated total income of Rs 3,960.36 crore for the quarter ended 31-03-2023, with a net profit after tax of Rs 369.21 crore. The company reduced PNG-I prices for Morbi consumers to stay competitive and recorded an increase in CNG sales due to a reduction in state VAT on CNG and lower domestic APM price.
