Achieved CNG volume of 2.93 mmscmd in Q2 FY25, increase of 12% as compared to Q2 FY24
Gujarat Gas registered Revenue from Operations of Rs. 3,949 crore during the quarter ended on 30th September 2024 as against Rs. 3,991 crore for the corresponding quarter previous year. The Standalone Profit After Tax (PAT) for the quarter ended on 30th September 2024 is Rs. 307 crore as compared to Rs. 298 crore for in the corresponding quarter previous year i.e. increase of 3%.
The EBIDTA for the current quarter is Rs. 553 crore as compared to Rs. 526 crore in the Q2 FY 2024 i.e increase of 5%.
For the quarter ended on 30th September 2024, the company's sales volumes are at 8.75 mmscmd as compare to 9.32 mmscmd in the corresponding quarter previous year. The company registered overall sales volumes of 9.86 mmscmd during the Hi FY 25 as against 9.27 mmscmd in the corresponding Hi FY 24 i.e. increase of 6%.
The Compressed Natural Gas (CNG) category continues to witness strong momentum, as the consumers are benefitting from favourable government policies which has supported in terms of volume growth.
During the quarter, Gujarat Gas added more than ~38,500 new domestic customers. Further the company has also added 9 new CNG station. Volume of ~88,000 scmd is added due to commissioning of new industrial customers. Moreover, as on 30th September 2024, the company has a signed volume of ~5,27,OOO scmd which will be commissioned in coming days.
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