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Gujarat Gas reports 77% rise in Q4 net profit

07 May 2019 Evaluate

Gujarat Gas has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a rise of 76.71% in its net profit at Rs 116.54 crore for the quarter under review as compared to Rs 65.95 crore for the same quarter in the previous year. Total income of the company increased by 10.86% at Rs 1,981.91 crore for Q4FY19 as compared Rs 1,787.73 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 43.13% in its net profit at Rs 417.03 crore as compared to Rs 291.36 crore for the previous year. Total income of the company increased by 26.65% at Rs 8,073.76 crore for year under review as compared to Rs 6,375.03 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 43.09% in its net profit at Rs 418.45 crore as compared to Rs 292.44 crore for the previous year. Total income of the company increased by 26.65% at Rs 8,074.04 crore for year under review as compared to Rs 6,375.21 crore for year ended March 31, 2018.

Peers
Company Name CMP
GAIL (India) 170.70
Gujarat Energy 237.85
Indraprastha Gas 145.65
Mahanagar Gas 1058.15
Adani Total Gas 592.50
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