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03-Nov-2023

Gujarat Gas

Sales down 3%, OP down 23%


'Consolidated net sales (including other operating income) of Gujarat Gas has declined 3.30% to Rs 3845.4 crore.  For the quarter ended on 30th September 2023, the Company`s sales volumes increased by 22% to 9.32 mmscmd from 7.62 mmscmd during quarter ended on 30th September 2022. The industrial sales volumes increased to 5.86 mmscmd for quarter ended 30th September2023 from 4.47 mmscmd for quarter ended 30th September 2022, which is an increase of 31%. Company has achieved average CNG sales of 2.62 mmscmd for quarter ended on 30th September 2023 (growth of 13% over same quarter previous year), on the back of investments in CNG station infrastructure coupled with favourable government policies.

During the quarter, the Company added around 53,000 new domestic customers, 221 commercial customers and commissioned 61 new industrial customers (with a cumulative volume close to 83,000 scmd). As on 30th September 2023, the company has a signed volume...



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