Q4FY21 Result Update - Gujarat Gas - ICICI Direct

Gujarat Gas' Q4FY21 results were ahead of our estimates on the operational and profitability front. Revenues increased 28.6% YoY to Rs. 3428.9 crore (our estimate: Rs. 3465.1 crore) as sales volume jumped 22% YoY during the quarter. Sales volume at 12.1 mmscmd was above estimate of 11.7 mmscmd. Realisation was at Rs. 31.4/scm (our estimate: Rs. 32.9/scm). Gross margins at Rs. 7/scm were in line with expectations. EBITDA was at Rs. 554.3 crore (up 29.9% YoY) above our estimate of Rs. 507.3 crore on account of better operating leverage. Subsequently, reported PAT increased 42.3% YoY to Rs. 349.9 crore, above our estimate of Rs. 302 crore.

For details, click on the link below: Link to the report

Shares of Gujarat Gas Ltd was last trading in BSE at Rs.590.15 as compared to the previous close of Rs. 580.75. The total number of shares traded during the day was 221522 in over 7026 trades.

The stock hit an intraday high of Rs. 596 and intraday low of 572.95. The net turnover during the day was Rs. 130300025.

Source : Equity Bulls

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