How did you see the quarterly numbers of Gujarat Gas?
Answer
Answer
For the March 2022 quarter, Gujarat Gas reported 36.5% higher sales at Rs4,773 crore. FY22 sales revenues grew 67% at Rs10,687 crore. In the fourth quarter, the total sales volume stood at 9.89 MMSCMD, largely dominated by industrial gas at 6.70 MMSCMD and followed by CNG at 2.23 MMSCMD. Incidentally, Gujarat Gas also showed annual accretion of 155 new CNG stations, 154,000 household connections and 423 new industrial customers.
Gujarat Gas
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 4,773.37
₹ 3,495.92
36.54%
₹ 5,241.16
-8.93%
Net Profit (Rs cr)
₹ 444.39
₹ 348.29
27.59%
₹ 122.94
261.47%
Diluted EPS (Rs)
₹ 6.46
₹ 5.06
₹ 1.79
Net Margins
9.31%
9.96%
2.35%
Now for the profit story. Q4FY22 PAT was up 27.6% at Rs444.4 crore. The higher input costs for the quarter were largely neutralized by higher gas price realizations, leading to holding profit growth. However, December 2021 quarter profits had fallen sharply due to a spike in gas prices. Net cash from operating activities was flat for the quarter. Net margins at 9.31% in Q4FY22 quarter compared to 9.96% in Q4FY21.