Gujarat Gas - High Spot LNG Is Equal To Volume Growth Or Margins: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Press reports suggest 13% price hike by Gujarat Gas Ltd. on August 24, 2021 led to decline in September 2021 Morbi volumes by 29%. Morbi volumes fall meant Gujarat Gas had to buy less spot liquefied natural gas, which supported its September 2021 margins. The company’s industrial volumes may be at seven million metric standard cubic meter per day (similar to that in September 2021) in H2 FY22E if it does not make further price hikes, which may mean modest YoY rise in volumes in FY22E on the low base of FY21 but sharply lower margins and earnings per share. Further price hikes may mean volumes fall further but boost margin also as it may mean the company does not have to buy any expensive spot LNG..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gujarat Gas - High Spot LNG Is Equal To Volume Growth Or Margins: ICICI Securities

Gujarat Gas - High Spot LNG Is Equal To Volume Growth Or Margins: ICICI Securities

Choose a plan