Gujarat State Petronet - Strong Revival Of Demand Across Segments In Q3: Dolat Capital

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Dolat Capital Report

Gujarat State Petronet Ltd.’s transmission volumes at 39.36 million metric standard cubic meter per day (growth of 6.6% YoY and de-growth of 1% sequentially) in line with our estimates of 39.1 mmscmd.

Tariffs were at Rs 1.58/standard cubic meter (de-growth of 13.2% YoY and growth of 1.8% QoQ). Revenue in line with our estimates.

Revival of volumes were seen across segments hence the offtake of gas.

With both volume and tariff outlook looking strong, we expect robust revenue growth along with profitability to reach normalised levels from H2 FY21.

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