Gujarat Gas Limited posted consolidated net profit growth of ~115% in Q4FY20

Gujarat Gas Limited reported its Q4FY20 with consolidated net profit of Rs 250cr.

Jun 05, 2020 04:06 IST India Infoline News Service

Gujarat Gas Limited announced its fourth-quarter results for FY20 today. Net sales of Gujarat Gas Limited in Q4FY20 stood at Rs 2722.17cr, which rose by 38.66% yoy. Net sales posted in the same quarter last year was at Rs 1963.26cr.                                             

The EBITDA for Q4FY20 came in at Rs 426.66 cr in Q4FY20, which increased by 67.88% yoy. For Q4FY19, the company posted EBITDA of Rs 254.14cr. The net profit posted by the company for Q4FY20 was Rs.250.46cr, which rose by 114.82% compared to Q4FY19 when it reported Rs.116.59cr.                                              

Net profit margin in Q4FY20 came at 9.2% that saw a growth of 326bps compared to Q4FY19. The EBITDA margins for Q4FY20 was at 15.67%, which rose by 273 bps compared to Q4FY19.

After the outbreak of Coronavirus (COVID-19) followed by countrywide lockdown, the company continued its uninterrupted supply of natural gas to its customers based on their requirement. However, the lockdown had an impact in immediate natural gas demand mainly from Industrial and CNG customers. As restrictions are being lifted gradually in many of the company's operating area we can see an increasing demand both in Industrial and CNG category.

The stock opened at Rs. 283.6 and closed at Rs 285.6 in today’s trade.

Particulars Q4FY2020 (Rs in cr) Q4FY2019 (Rs in cr) % VAR
Net Sales 2,722.17 1,963.26 38.66
Operating Profit 426.66 254.14 67.88
Net Profit 250.46 116.59 114.82
EBITDAM% 15.67 12.94 273bps
PATM% 9.2 5.94 326bps

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