Gujarat Gas reported 12.54% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs2,885.70cr. There was a lot of pent up demand visible in the quarter leading to higher sales revenues in the Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 98.83% at Rs392.3cr. Apart from the higher revenue benefit, the cost of inputs also did not grow proportionately. In addition, the finance charges fell sharply in the quarter. As a result, the PAT margins improved substantially from 7.69% in Dec-19 to 13.59% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Gujarat Gas |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 2,885.70 |
₹ 2,564.25 |
12.54% |
₹ 2,559.91 |
12.73% |
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Net Profit (Rs cr) |
₹ 392.30 |
₹ 197.30 |
98.83% |
₹ 475.48 |
-17.49% |
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Diluted EPS (Rs) |
₹ 5.70 |
₹ 2.87 |
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₹ 6.91 |
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Net Margins |
13.59% |
7.69% |
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18.57% |
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