Gujarat State Petronet - CGD, Domestic Output To Drive Volume Growth: ICICI Direct

Gujarat State Petronet Ltd.'s gas pipeline (Source: Company website).

Gujarat State Petronet - CGD, Domestic Output To Drive Volume Growth: ICICI Direct

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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 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.

Click on the attachment to read the full report:

ICICI Direct GSPL Company Update.pdf

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