Gujarat Gas Q4FY22 PAT up 27.6% at Rs444.39 crore as higher revenues offsets higher gas prices

12 May 2022 , 12:51 PM

Gujarat Gas Ltd reported 36.54% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs4,773.37 crore. On a sequential basis, revenues were lower for the quarter by -8.93%.

For the full year FY22, the revenues were higher by 67% at Rs10,687 crore. For Q4FY22, the total sales volume stood at 9.89 MMSCMD.

This includes industrial gas 6.70 MMSCMD, CNG 2.23 MMSCMD, domestic PNG 0.82 MMSCMD and industrial PNG 0.14 MMSCMD.

Gujarat Gas added a record number of 155 new CNG stations taking its total tally to 711. It also added more than 154,000 households plus 423 industrial customers.

The consolidated net profit for Q4FY22 was up 27.59% at Rs444.39 crore while it was up on a sequential basis by 261.47%.

On a yoy basis, the higher input costs were offset by higher gas price realizations. However, the profit in the sequential quarter had fallen sharply due to a spike in gas prices. Net cash from operating activities was flat at Rs1,662 crore for the full year FY22.

Net margins stood at 9.31% in Q4FY22 quarter compared to 9.96% in Q4FY21. NPM was higher sequentially against 2.35% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Gujarat Gas
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 4,773.37	₹ 3,495.92	36.54%	₹ 5,241.16	-8.93%
Net Profit (Rs cr)	₹ 444.39	₹ 348.29	27.59%	₹ 122.94	261.47%
Diluted EPS (Rs)	₹ 6.46	₹ 5.06		₹ 1.79
Net Margins	9.31%	9.96%		2.35%