Gujarat Gas Q4 Review - Result Beats Estimates While Risk To Earning Persists: Systematix

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Gujarat Gas Ltd. reported robust Q4 FY24 results where Ebitda/profit after tax were significantly above our and consensus estimates on the back of higher volumes and better than expected gross margin. Total volume rose 6% QoQ to 9.7 million metric standard cubic metre per day on the back of improvement across segments. Domestic piped natural gas/CPNG volumes attained a 20%/7% QoQ jump to 0.9 mmscmd/0.2 mmscmd while IPNG volumes bounced back 5% to 5.8 mmscmd due to competitive pricing in the Morbi region. CNG volumes recorded the highest-ever volume to reach 2.9 mmscmd (4% QoQ/14% YoY) led by deeper penetration from new geographical areas. Spot LNG price averaged at $9.4/ metric million British thermal unit in Q4 FY24 (versus $15.8/mmbtu in Q3 FY24) which led to a sharp increase of 29% in gross margin to Rs 10.8/scm and a 41% rise in Ebitda/scm to Rs 6.7. Reported profit after tax was up 86% QoQ to Rs 4.1 bn but includes exceptional income of Rs 556 million about writeback of provisions for trade margin on settlement with oil marketing companies. Adjusted profit after tax increased 67% to Rs 3.7 billion, significantly beating our estimates..Click on the attachment to read the full report:.Gujarat Gas Q4 Results: Profit Jumps 86%, Margin Expands.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Gujarat Gas Q4 Review - Result Beats Estimates While Risk To Earning Persists: Systematix

Gujarat Gas continues to focus on developing its CNG business in new geographical areas to gain additional volumes.

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Gujarat Gas Q4 Review - Result Beats Estimates While Risk To Earning Persists: Systematix

Gujarat Gas continues to focus on developing its CNG business in new geographical areas to gain additional volumes.

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