'Gujarat Gas consolidated net sales increased 6.64% to Rs
3929.1 crore in Q3FY24 compared to Q3FY23. Sales volumes increased by 26% to
9.16 mmscmd during Q3FY24 from 7.29 mmscmd during Q3FY23. The industrial sales
volumes increased to 5.53 mmscmd from 4.05 mmscmd, an increase of 36%. The
company has achieved the highest ever average CNG sales of 2.78 mmscmd for
quarter
ended on 31 st December 2023 (growth of 14% over same
quarter previous year), on the back of investments in CNG station
infrastructure coupled with favourable government policies
Operating profit margin has declined from 15.81% to 10.20%,
leading to 31.19% decline in operating profit to Rs 400.68 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 76.78% to 82.04%. Employee cost decreased from 1.32% to
1.22%. Other expenses rose from 6.11%
to 6.55%.
Other income fell 28.04% to Rs 23.02 crore. PBIDT fell...
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