Earnings Summary Of Gujarat Gas Limited For Q3 FY23

Gujarat Gas Limited (NSE: GUJGAS) is an Indian natural gas distribution company that primarily operates in the state of Gujarat. The company has a well-established distribution network, including over 21,000 km of pipelines, and serves over 1.1 million customers across the state. Gujarat Gas Limited provides natural gas to industrial, commercial, and domestic customers, and it also offers CNG to the transportation sector.

During the quarter that ended on December 31st, 2022, the company reported overall Revenue from Operations of ₹3,821.28 crore, compared to ₹5,241.16 crore for the same quarter the previous year. In comparison to the same quarter last year, the current quarter’s Consolidated Profit After Tax (PAT) is ₹371.57 Crore instead of ₹122.94 Crore. Earnings per share for this quarter were ₹5.4.

The company added 48,600 new domestic customers, 228 new commercial customers, 49 new industrial customers, and 12 new CNG stations during the quarter, bringing the total to 750 stations. As on 31st December 2022, the company has a signed volume of -5,25,000 scmd yet to be commissioned. In partnership with NTPC, the company has successfully launched the nation’s first pilot project for the blending of green hydrogen with piped natural gas for domestic customers.