A large-cap company with a market valuation of 33,345.62 crore, Gujarat Gas Limited operates in Energy industry. With 44 districts spread over 6 States-Gujarat, Maharashtra, Rajasthan, Haryana, Punjab and Madhya Pradesh-and 1 Union Territory-Dadra and Nagar Haveli, Gujarat Gas Limited (GGL) is India’s largest City Gas Distribution (CGD) company. Is. of sales volume.
On a standalone basis, the company reported a net profit of Rs. 371.26 Cr in Q3FY23 as compared to Rs. 121.93 Cr in Q3FY22, representing a growth of 204.48% YoY. The company posted revenue from operations of 3,821.28 crore in the quarter ending December 2022 5,241.16 crore in the quarter ended December 2021, representing a decline of 27.10% YoY. In Q3 FY23, Profit Before Tax grew by 207.26% to Rs 497.40 crore 161.88 crore, which was reported in Q3 FY22. In Q3FY23, total expenditure decreased by 34.39% 3,355.87 crore from 5,114.56 crore in the same quarter last year.
The company reported a total gas sales volume of 7.29 million metric standard cubic meters per day (MMSCMD) during the quarter. In Q3 FY23, industrial sales volume reached 4.05 mmscmd and CNG sales volume reached 2.43 mmscmd. The domestic and commercial sales volumes of PNG during the quarter under review stood at 0.67 MMSCMD and 0.14 MMSCMD respectively.
Gujarat Gas said in a stock exchange filing that “During the quarter, the company added 48,600 new domestic customers, 228 commercial customers, on-boarded 49 new industrial customers and added 12 new CNG stations to cross the 750-station landmark. December 31, 2022 As on date, the company has a signed volume of 5,25,000 scmd which is yet to be commissioned.The company has successfully commissioned the country’s first pilot project of blending green hydrogen with piped natural gas for domestic customers in collaboration with NTPC. Have done.”
Crisil Ratings has upgraded the Company’s Long Term Bank Facilities rating to AAA/Stable from AA+ during the quarter. The EPS of Gujarat Gas reached as compared to 5.39 in Q3FY23 1.77 in the year-ago quarter.
gujarat gas share on nse today 484.00 each level, up 0.77% from previous close 480.30.
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