Gujarat Gas Ltd Q1FY24; 43% fall in Profits

Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India. The business of natural gas involves distribution of gas from sources of supply to centres of demand and to end customers.
GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments in the areas of South & Central Gujarat and Saurashtra.

Financial Results:

• Gujarat Gas Ltd reported Revenues for Q1FY24 of ₹3,782.00 Crores down from ₹5,170.00 Crore year on year, a fall of 26.85%.
• Total Expenses for Q1FY24 of ₹3,516.00 Crores down from ₹4,680.00 Crores year on year, a fall of 24.87%.
• Consolidated Net Profit of ₹216.00 Crores down 43.46% from ₹382.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹3.14, down 43.42% from ₹5.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.