Non-Electrical Utilities company Gujarat Gas announced Q1FY25 results:
- The Company registered Revenue from Operations of Rs 4,615 crore during the quarter ended on 30th June 2024 as against Rs 3,924 crore for 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 profits in Q1FY25 compared to 01 FY24.
- The standalone PAT for the current quarter Q1FY25 is Rs 330 crore as compared to Rs 410 crore in the previous quarter i.e. Q4FY24.
- For the quarter ended on 30th June 2024, the Company's sales volumes increased by 19% to 10.98 mmscmd from 9.22 mmscmd during 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 quarter ended 30th June 2023, an increase of 23%.