Gujarat Gas has a 'sublime' feeling
By
Ruma Dubey
about 5 years ago
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.