Motilal Oswal: Gujarat Gas - Consistent Volume Growth Demands Much Higher Premium  
A gas valve sits on a pipeline. (Photographer: Callaghan O’Hare/Bloomberg)

Motilal Oswal: Gujarat Gas - Consistent Volume Growth Demands Much Higher Premium  

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.

Motilal Oswal Report

Gujarat Gas Ltd. reported better-than-expected Q2 FY21 numbers on the back of record high gross margin and lowest-ever opex.

The lockdown had an impact on natural gas demand, mainly from industrial and compressed natural gas customers.

However, the company's gas sales volume showed robust recovery post the lockdown; currently total gas volumes stand at 10.5 million metric standard cubic meter per day (versus FY20 average sales of approximately 9.5 mmscmd).

In the industrial category, gas sales volumes are currently above pre-lockdown levels.

Click on the attachment to read the full report:

Motilal Oswal Gujarat Gas Q2FY21 Result Update.pdf


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