Gujarat State Petronet Q4 Review -  Remains Poised For Growth  
Financial: Centrum Broking

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

Gujarat State Petronet Q4 Review - Remains Poised For Growth Financial: Centrum Broking

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Centrum Broking Report

Gujarat State Petronet Ltd. reported volumes at 33.8 million metric standard cubic meter per day, slightly below our estimate- 35.5mmscmd, down 8% YoY/ down 14% QoQ.

FY21 average volumes stand at 36.6mmscmd down 3.4% YoY implying the recovery seen in H2 FY21 (volumes declined 6% YoY in H1 FY21.

Reported Ebitda/ profit after tax at Rs 3.44/2.07 Rs billion (down 3/down 8% YoY), in line with our estimate Ebitda/profit after tax of Rs 3.4/ Rs 2.04 billion.

FY21 Ebitda/profit after tax at Rs 14.7/9.37 billion (down 6.7/down 2% YoY).

Revenues of Rs 4.65 billion (down 22/down 20% YoY/QoQ), below our estimate Rs 5.27 billion due to lower than expected volumes.

Click on the attachment to read the full report:

Centrum Broking Gujarat State Petronet Ltd - Q4FY21 Result Update .pdf


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