Gujarat State Petronet - In-Line Q3, Steady Growth Ahead: Centrum Broking 
Gujarat State Petronet Gas pipelines. (Image: Company website)

Gujarat State Petronet - In-Line Q3, Steady Growth Ahead: Centrum Broking 

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.

Centrum Broking Report

Gujarat State Peronet Ltd. reported volumes at 39.4 million metric standard cubic meter per day, slightly below our estimate 41 mmscmd, up up 7% YoY/up 18% QoQ.

Nine months average volumes stand at 37.5 mmscmd down 1.7% YoY implying faster recovery in volume from being down 6% in H1 FY21 versus H1 FY20.

Reported Ebitda/profit after tax at Rs 4/Rs 2.5 billion (5/11% YoY), broadly in line with our estimate Ebitda/PAT of Rs 4/Rs 2.5 billion.

Revenue of Rs 5.8 billion (down 7/25% YoY/QoQ), slightly below our estimate Rs 6 billion due to lower than expected volumes.

Click on the attachment to read the full report:

Centrum Broking Gujarat State Petronet Ltd - Q3FY21 Result Update .pdf


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