Gujarat Energy (GUJENERGY) Q1 24/25 earnings summary

Executive summary

• Achieved highest ever CNG volumes of 2.98 mmscmd in Q1 FY25, a 14% increase year-over-year, driven by investments in station infrastructure.

• Commissioned new industrial customers with 2 lakh scmd volumes in Q1 FY25; 6.3 lakh scmd industrial volumes signed and pending commissioning.

• Connected 37,400 additional homes to piped natural gas during Q1 FY25.

• Maintained AAA Stable/A1+ credit rating from CRISIL, CARE, and India Ratings.

• Board approved unaudited standalone and consolidated financial results for the quarter ended 30th June 2024.

Financial highlights

• Q1 FY25 revenue from operations was ₹4,615 crore, up from ₹4,294 crore in Q4 FY24 and ₹3,924 crore in Q1 FY24; standalone revenue was ₹4,614.83 crore.

• EBITDA for Q1 FY25 stood at ₹574 crore, compared to ₹622 crore in Q4 FY24 and ₹412 crore in Q1 FY24.

• Profit after tax reached ₹332.99 crore (consolidated) and ₹332.08 crore (standalone) in Q1 FY25, compared to ₹215 crore in Q1 FY24.

• Earnings per share for Q1 FY25 was ₹4.79 (standalone) and ₹4.80 (consolidated), up from ₹3.12 and ₹3.14 in Q1 FY24.

• Financial statements were reviewed by the Audit Committee and received an unmodified review report from statutory auditors.

Outlook and guidance

• 6.3 lakh scmd of industrial volumes signed and yet to be commissioned, indicating future growth potential.

• Financial statements prepared in accordance with Ind AS and SEBI regulations, reflecting compliance and transparency.