Gujarat Gas Ltd Share Price – NSE /  BSE

Gas Distribution, Small Cap

Gujarat Gas Ltd is down for a fifth straight session today. The stock is quoting at Rs 491.3, down 1.5% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23521.8. The Sensex is at 77676.23, up 0.07%.Gujarat Gas Ltd has lost around 5.23% in last one month.Meanwhile, Nifty Energy index of which Gujarat Gas Ltd is a constituent, has eased around 8.66% in last one month and is currently quoting at 34444.95, down 1.07% on the day. The volume in the stock stood at 3 lakh shares today, compared to the daily average of 5.84 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 492.8, down 0.94% on the day. Gujarat Gas Ltd tumbled 9.2% in last one year as compared to a 8.66% rally in NIFTY and a 2.01% fall in the Nifty Energy index.

The PE of the stock is 28.01 based on TTM earnings ending September 24.

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However, revenue from operations declined 1.66% YoY to Rs 3,781.75 crore in the quarter ended 30 September 2024.

Profit before tax stood at Rs 415.22 crore in Q2 FY25, registering a growth of 3.62% on YoY basis.

For the quarter ended 30 September 2024, the company's sales volumes were 8.75 mmscmd, compared to 9.32 mmscmd in the corresponding quarter of the previous year.

The compressed natural gas (CNG) category continued to witness strong momentum, as the consumers are benefitting from favourable government policies which has supported in terms of volume growth.

The company recorded CNG sales of 2.93 mmscmd for the quarter ended 30 September 2024, marking a growth of 11.83% YoY.

PNG domestic and commercial sales volumes during the period under review aggregated to 0.76 mmscmd (up 8.57% YoY) and 0.15 mmscmd (up 7.14% YoY), respectively.

During the quarter, the company added more than 38,500 new domestic customers and 9 new CNG stations. Volume of around 88,000 scmd was added due to commissioning of new industrial customers. As of 30 September 2024, the company has signed volume of approximately 5,27,000 scmd to be commissioned soon.

Gujarat Gas is the largest city gas distribution company in India. The company has a network of about 41,700 km of gas pipeline, distributing approximately 8.75 mmscmd of natural gas. The company operates more than 820 CNG stations and has connected more than 21.91 lakh households in six states and one union territory.

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Net profit of Gujarat Gas rose 4.22% to Rs 308.74 crore in the quarter ended September 2024 as against Rs 296.25 crore during the previous quarter ended September 2023. Sales declined 1.66% to Rs 3781.75 crore in the quarter ended September 2024 as against Rs 3845.40 crore during the previous quarter ended September 2023.

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Gujarat Gas will hold a meeting of the Board of Directors of the Company on 6 November 2024

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