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 Q2FY24 of ₹3,845.00 Crores down from ₹3,976.00 Crore year on year, a fall of 3.29%.
- Total Expenses for Q2FY24 of ₹3,475.00 Crores up from ₹3,453.00 Crores year on year, a rise of 0.64%.
- Consolidated Net Profit of ₹296.00 Crores down 26.73% from ₹404.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹4.30, down 26.75% from ₹5.87 in the same quarter of the previous year.