Gujarat Gas Proves To Be An Outperformer; Beat On All Fronts In Q3: Motilal Oswal
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.
Motilal Oswal Report
Gujarat Gas Ltd. continues to surprise on volumes growth (11.4 million metric standard cubic meter per day) and margin (Rs 5.8/ standard cubic meter), clocking better than expected Q3 FY21 earnings.
Realization remained strong at Rs 26.9/scm (down 8% YoY, down 3% QoQ), while opex was down 11% YoY at Rs 1.5/scm (down 7% QoQ).
As per our interaction with the management, Morbi volumes stood ~7mmscmd in Q3 FY21 (versus ~6.3mmscmd in Q2 FY21).
At present, total volumes are above 11.5mmscmd.
Click on the attachment to read the full report:
This 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.