Gujarat State Petronet - CGD, Domestic Output To Drive Volume Growth: ICICI Direct
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ICICI Direct Report
Gujarat State Petronet Ltd.’s operating revenue for Q4 FY21 fell 21.9% YoY to Rs 485 crore on account of decline in transmission volume.
Gas transmission volumes dipped 8% YoY to 33.8 million metric standard cubic meter per day mainly owing to reduced offtake from power and refineries sector.
Ebitda came in at Rs 344.2 crore, down 3.2% YoY as decline was limited due to lower other expenses.
Subsequently, reported profit after tax was at Rs 206.3 crore, down 8.6% YoY.
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