Gujarat Gas Q4 Results: Profit Up 29%, Margin Expands
The Gujarat Gas board also recommended a dividend of Rs 5 per share for FY25.
Gujarat Gas Co. witnessed solid earnings growth in the fourth quarter of financial year 2024-25, with net profit beating Street expectations.
The company's standalone net profit increased 29% to Rs 287 crore in the January-March quarter, compared to Rs 222 crore in the corresponding period last year, according to financial results released on Monday. That surpassed the Bloomberg analysts' consensus estimate of Rs 235 crore.
Gujarat Gas Q4 Highlights (Standalone, QoQ)
Revenue down 1% to Rs 4,102 crore versus Rs 4,152 crore (Bloomberg estimate: Rs 4,046 crore).
Ebitda up 19% to Rs 450 crore versus Rs 379.7 crore (Bloomberg estimate: Rs 410 crore)
Margin expands to 11% versus 9.1% (Bloomberg estimate: 10.4%)
Net profit up 29% to Rs 287 crore versus Rs 222 crore (Bloomberg estimate: Rs 235 crore).
During the quarter under review, the company's sales volumes fell to 9.31 mmscmd as compared to 9.69 mmscmd in the year-ago period. Industrial sales volumes dipped to 5.03 mmscmd from 5.8 mmscmd earlier. Domestic sale volume increased to 0.89 mmscm from 0.85 mmscmd.
The Gujarat Gas board also recommended a dividend of Rs 5 per share for FY25, which will be paid subject to the approval of shareholders in the annual general meeting.
Shares of Gujarat Gas closed 0.5% lower at Rs 466.8 on the BSE, compared to a 0.33% decline in the benchmark Sensex.
