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.
Centrum Broking Report
Gujarat State Petronet Ltd. reported volumes of 36.8 million metric standard cubic meter per day, ahead of our estimate of 35mmscmd, and up 11/9% YoY/QoQ.
Volumes remained strong despite the renewed Covid-19 restrictions and July has trended even higher at 39.4mmscmd.
However, Gujarat State Petronet's Ebitda/profit after tax declined 3/9% YoY to Rs 3.7/2.3 billion, despite a 13% YoY rise in revenue due to higher opex.
Revenue grew 14/13% YoY/QoQ to Rs 5.3 billion versus our estimate of Rs 4.9 billion due to higher volumes while tariffs remained flat YoY and QoQ at Rs 1.28/standard cubic meter.
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