Gujarat Gas (GUJGA IN) - Beat on Estimates Led by Strong EBITDA/Scm
Prabhudas Lilladher's research report onGujarat Gas Gujarat Gas (Gujga) reported an EBITDA/PAT of Rs 5.9bn (+47.5% QoQ, PLe: Rs 5bn) and Rs4.1bn...
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Gujarat Gas (Q2FY24): Decline in Input Gas Cost Improves the Margin.
Q2FY24 EBITDA/PAT at INR 5/3bn came in above our estimates, owing to a higher-than-expected per unit EBITDA margin and volume.
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Gujarat Gas (Q1FY24): Weak Margins Impact Earnings. Maintain ADD
Q1FY24 EBITDA/PAT at INR 3.9/2.2bn came in below our estimates, owing to a lower-than-expected per unit EBITDA margin. Overall volume grew 4% QoQ
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Gujarat Gas (Results Review 4QFY23): Volume Growth Offset Margin Weakness.
Our ADD recommendation on GGL, with a price target of INR 510, is premised on (1) volume growth of only ~8% CAGR over FY23-25E compared to ~18%...
395 Views
Gujarat Gas (Results Review 4QFY23) - Volume Growth Offset Margin Weakness.
Our ADD recommendation on Gujarat Gas (GGL), with a price target of INR 510, is premised on (1) volume growth of only ~8% CAGR over FY23-25E...
395 Views