Gujarat Gas has a 'sublime' feeling

about 4 months ago
No Image

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.

Popular Comments

No comment posted for this article.