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Gujarat Gas Q3 Results: Net profit flat at ₹221 crore, margins contract to 9.2%

Gujarat Gas Q3 Results: Net profit flat at ₹221 crore, margins contract to 9.2%

Natural gas distributer Gujarat Gas Ltd announced the results for the third quarter ended December 2024 on Wednesday. The company reported a flat net profit at ₹221 crore in Q3 FY25. Revenue rose 5.7% YoY to ₹4,152.9 crore, up from ₹3,939 crore.

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EBITDA declined 5.1% to ₹380.4 crore, while margins contracted to 9.2% from 10.2% a year earlier, reflecting higher costs.

Gujarat Gas, one of the country’s largest city gas distribution (CGD) company, reported its highest-ever CNG volume at 3.12 mmscmd in Q3 FY25, marking a 12% year-on-year increase. Total sales volumes stood at 9.47 mmscmd, up from 9.16 mmscmd in the same quarter last year.

Revenue from operations rose 6% year-on-year to ₹4,333 crore, while EBITDA increased 4% to ₹439 crore. Net profit stood at ₹222 crore, reflecting a 1% increase, while profit before tax grew to ₹300 crore.

Industrial sales volumes stood at 5.46 mmscmd compared to 5.53 mmscmd a year earlier. Domestic PNG volumes increased to 0.74 mmscmd from 0.71 mmscmd, while commercial PNG sales reached 0.15 mmscmd.

During the quarter, the company added over 38,200 new domestic customers and commissioned five new CNG stations. Additionally, it increased industrial volumes by 1,72,000 scmd. Gujarat Gas is also aggressively pushing its FDODO model to accelerate future growth.

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