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07-May-2024

Gujarat Gas

Reduction in spot gas prices and increase in volumes led to increase in profits


'Consolidated net sales (including other operating income) of Gujarat Gas has increased 5.23% to Rs 4134.18 crore. The company`s sales volumes increased by 9% to 9.69 mmscmd for the quarter ended on 31 st March 2024 from 8.86 mmscmd during quarter ended on 31 st March 2023. The industrial sales volumes increased to 5.80 mmscmd for quarter ended 31 st March 2024 from 5.36 mmscmd for quarter ended 31 st March 2023, an increase of 8%.

Operating profit margin has jumped from 14.26% to 14.30%, leading to 5.49% rise in operating profit to Rs 591.08 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 78.38% to 77.02%.   Employee cost decreased from 1.26% to 1.16%.   Other expenses rose from 6.09% to 7.51%.  

Other income fell 2.23% to Rs 31.08 crore.  PBIDT rose 5.08% to Rs 622.16 crore.  Provision for interest rose 14.71% ...



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