Gujarat Gas Ltd - 539336 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earning Call Transcript held on 15/02/202421-02-2024
21-02-2024
Buy Gujarat Gas; target of Rs 675: Motilal Oswal
Motilal Oswal is bullish on Gujarat Gas recommended buy rating on the stock with a target price of Rs 675 in its research report dated February 15, 2024.19-02-2024
Gujarat Gas Tumbles 6% As Brokerages Downgrade Stock After Q3 Profit Falls
The earnings outlook for Q4 is strong but the volume-growth guidance for FY25 is a dampener, says Jefferies.16-02-2024
Gujarat Gas falls 6% as brokerages turn bearish after 40% slump in Q3 net profit
Volumes were impacted by a further market share loss in Gujarat's Morbi region and current pricing strategy suggests margin defence over gaining back lost market share16-02-2024
Gujarat Gas Ltd - 539336 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of Post Result Earning Call - Q3 FY 2023-2415-02-2024
Gujarat Gas Ltd - 539336 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation14-02-2024
Hold Gujarat Gas; target of Rs 548: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on Gujarat Gas with a target price of Rs 548 in its research report dated February 14, 2024.14-02-2024
Q3FY24 Quarterly Result Announced for Gujarat Gas Ltd.
Non-Electrical Utilities company Gujarat Gas announced Q3FY24 results: Financial Performance: - Revenue from Operations: The Company reported a revenue from operations of Rs 4,084 crore for Q3FY24, compared to Rs 3,991 crore for the previous quarter, marking an increase. - Profit After Tax (PAT): For the most recent quarter, the PAT stood at Rs 220 crore, which saw a decrease from Rs 298 crore reported in the quarter ended 30th September 2023. Sales Volume Growth: - Overall: A total sales volume of 9.16 mmscmd was achieved for the quarter, showing a substantial growth of 26% compared to the 7.29 mmscmd in the same quarter the previous year. - Industrial: Sales volume in the industrial sector rose by 36% to 5.53 mmscmd. - CNG: The Company recorded its highest-ever average CNG sales, reaching 2.78 mmscmd, which is a growth of 14% from the same period in the previous year. - PNG Domestic and Commercial: Volumes for PNG Domestic and PNG Commercial were not explicitly reported. Operational Highlights: - New Connections: Approximately 38,000 new domestic customers, 197 commercial customers, and 69 new industrial customers were added during the quarter. - Upcoming Commissions: The company looks forward to commissioning signed volumes of 8,23,000 scmd in the forthcoming days. Strategic Developments: - Gas Contracting: The Company successfully contracted approximately 0.50 mmscmd of domestic gas from an upstream supplier for four years. - CNG Infrastructure: With the introduction of the Full Dealer Owned Dealer Operated (FDODO) scheme, the plan is to develop over 200 new CNG stations within the next 2-3 years. Company’s Outlook: - Gujarat Gas Limited remains the largest City Gas Distribution Company in India, boasting a pipeline network of approximately 38,000 km, over 815 CNG stations, and a connection network of more than 20.5 lakh households. Result PDF14-02-2024
Gujarat Gas Ltd - 539336 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
press release13-02-2024