Gujarat Gas has a 'sublime' feeling

about 2 years ago
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Gujarat Gas, the top gainer on the BSE currently, had closed yesterday at Rs.163.60 and today morning, post the Q1FY20 earnings, opened stronger at Rs.183, up 12% and went on to Rs.192.40, rising over 17.5%.

The company presented an outstanding set of numbers for Q1FY20 with consolidated net profit jumping up 100% (QoQ) at Rs.234 crore on a 36% rise in revenue from operations at Rs.2671 crore.

The company had ended FY19 with a net profit of Rs.418 crore and in the first quarter itself, it more than half way.

EBITDA was up 84% at Rs.446 crore and margins jumped up 450 bps from 13.3% to 17.8%.

What really helped was the 41% jump in volume at 9.2 MMSCMD v/s 6.5 MMSCMD.

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