Gujarat Gas registered revenue from operations of Rs. 4,615 crore during the quarter ended 30th June, 2024 as against Rs. 3,924 crore for the quarter ended on 30th June, 2023. The standalone profit after tax (PAT) for the quarter ended on 30th June, 2024 is Rs. 330 crore as compared to Rs. 215 crore for quarter ended on 30th June, 2023. Reduction in spot gas prices and increase in volumes led to increase in profit in Q1 FY25 compared to Q1 FY24.

For the quarter ended on 30th June 2024, the company's sales volume increased by 19% to 10.98 mmscmd from 9.22 mmscmd during the quarter ended on 30th June, 2023. The industrial sales volumes increased to 7.25 mmscmd for quarter ended 30th June, 2024 from 5.88 mmscmd for the quarter ended 30th June, 2023, an increase of 23%.

The standalone PAT for the current quarter Q1 FY25 is Rs. 330 crore as compared to Rs. 410 crore in the previous quarter i.e. Q4 FY 24.

The Compressed Natural Gas (CNG) category continues to witness strong momentum, as the consumers are benefitting from favourable government policies which have supported in terms of volume growth. During the quarter, the company added more than around 37,400 new domestic customers. Volume of around 2,00,000 scmd is added due to commissioning of new industrial customers. Moreover, as on 30th June, 2024, the company has assigned a volume of 6,30,000 scmd which will be commissioned in the coming days.

Gujarat Gas Limited is the largest city gas distribution company in India. The company has a successful track record of providing uninterrupted services to households for over 3 decades through a network of around 40,200 km of gas pipeline, distributing approximately 11.0 mmscmd of natural gas. The company operates 810+ CNG stations and provides natural gas to more than 21.52 lakh households in six states and one union territory.