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 

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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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