Gujarat Gas (GUJGASLTD) 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 infrastructure investments.

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

• Commissioned new industrial customers with 2 lakh scmd volumes and signed 6.3 lakh scmd yet to be commissioned.

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

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

Financial highlights

• Revenue from operations for Q1 FY25 stood at ₹4,615 crore, up from ₹4,294 crore in Q4 FY24 and ₹3,924 crore in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was ₹332.08 crore, compared to ₹216.14 crore in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 was ₹332.99 crore.

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

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

Outlook and guidance

• 6.3 lakh scmd of industrial volumes signed and pending commissioning, indicating future growth.

• Continued focus on expanding CNG and PNG infrastructure and customer base.

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