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
Gujarat State Petronet Ltd.’s Q4 FY21 standalone earnings per share was down 9% YoY, despite flat profit before tax, hit by 37% YoY rise in tax on a low base; 50% YoY fall in interest cost made up for volume fall.
Consolidated Q4 profit before tax was up 25% YoY on 45% surge in profit before tax of subsidiary Gujarat Gas Ltd., but earnings per share was up just 9% YoY on tax jump.
High spot liquefied natural gas and Covid-19 are headwinds, but rise in domestic gas Gujarat Gas use will support its margin and that Gujarat State Petronet transports will support its volumes.
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