Gujarat Gas Company Q2 Results Live : Gujarat Gas Company declared their Q2 results on 06 Nov, 2024, reporting a topline decrease of 1.06% year-on-year, while profit experienced a notable increase of 4.22%. However, compared to the previous quarter, the revenue saw a significant decline of 14.44%, and profit decreased by 6.64%.
In terms of expenses, the Selling, General & Administrative expenses rose by 2.56% quarter-on-quarter but showed a slight decrease of 1.18% year-on-year. This indicates a mixed performance in managing operational costs during the quarter.
The operating income also reflected a downturn, falling by 6.77% from the previous quarter, although it increased by 1.56% compared to the same quarter last year. This highlights some challenges in maintaining operational efficiency in the current market environment.
Earnings per share (EPS) for Q2 stood at ₹4.48, reflecting a year-on-year increase of 4.19%. This increase in EPS may provide some reassurance to investors amidst declining revenues.
On the stock performance front, Gujarat Gas Company has delivered a modest return of 0.11% over the last week. However, the company has experienced a decline of 3.37% over the past six months, contrasted with a robust year-to-date return of 14.38%.
The company’s market capitalization currently stands at ₹36,336.67 crore, with a 52-week high of ₹689.95 and a low of ₹412. This range indicates some volatility in the stock price over the past year.
As of 07 Nov, 2024, the consensus among analysts covering Gujarat Gas Company is to hold, with 6 analysts recommending Strong Sell, 5 recommending Sell, 6 suggesting Hold, 5 advising Buy, and 6 advocating Strong Buy. This diverse range of opinions reflects the mixed sentiments surrounding the company’s performance.
Overall, while Gujarat Gas Company has successfully increased its profit year-on-year, the decline in revenue and operational challenges present a complex picture for investors and analysts alike.
Gujarat Gas Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3948.65 | 4614.83 | -14.44% | 3991.15 | -1.06% |
| Selling/ General/ Admin Expenses Total | 50.11 | 48.86 | +2.56% | 50.71 | -1.18% |
| Depreciation/ Amortization | 129.54 | 123.09 | +5.24% | 117.92 | +9.85% |
| Total Operating Expense | 3564.03 | 4202.28 | -15.19% | 3612.45 | -1.34% |
| Operating Income | 384.62 | 412.55 | -6.77% | 378.7 | +1.56% |
| Net Income Before Taxes | 417.03 | 444.23 | -6.12% | 399.16 | +4.48% |
| Net Income | 308.74 | 330.71 | -6.64% | 296.25 | +4.22% |
| Diluted Normalized EPS | 4.48 | 4.8 | -6.67% | 4.3 | +4.19% |
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