Gujarat Gas Q1 Results: Profit Falls 19%, Misses Estimates
The city gas distributor's net profit fell 19% quarter-on-quarter to Rs 330.71 crore in the April–June period.
Gujarat Gas Ltd.'s profit fell sequentially in the first quarter of fiscal 2025, missing analysts' estimates.
The city gas distributor's net profit declined 19% quarter-on-quarter to Rs 330.71 crore in the April–June period, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had set a consensus estimate of Rs 365 crore.
Gujarat Gas Q1 FY25 Highlights (Consolidated, QoQ)
Revenue up 7.5% to Rs 4,450.30 crore versus Rs 4,134.18 crore (Bloomberg estimate: Rs 4,091 crore).
Ebitda down 9% to Rs 535.64 crore versus Rs 591.08 crore (Bloomberg estimate: Rs 625 crore).
Ebitda margin at 12% versus 14.3% (Bloomberg estimate: 15.3%).
Net profit down 19% to Rs 330.71 crore versus Rs 410.48 (Bloomberg estimate: Rs 365 crore).
Sales Volume
Gujarat Gas' sales volume for the quarter increased 19% year-on-year to 10.98 million metric standard cubic meter per day, as compared to 9.22 million metric standard cubic meter per day a year ago. The company also added more than 37,400 new domestic customers during Q1 FY25.
The industrial sales volume increased to 7.25 mmscmd for the quarter, marking a 23% annual uptick. Volume of 2 lakh standard cubic meter per day was added due to the commissioning of new new industrial customers.
Moreover, as on Q1, the company has a signed volume of 6.30 lakh scmd, which will be commissioned in the coming days.
