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Gujarat Gas reports 41% fall in Q3 consolidated net profit

14 Feb 2024 Evaluate

Gujarat Gas has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 40.65% fall in its net profit at Rs 220.34 crore for the third quarter ended December 31, 2023 as compared to Rs 371.26 crore for the same quarter in the previous year. However, total income of the company increased by 6.59% at Rs 4,107.28 crore for Q3FY24 as compared Rs 3,853.27 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported 40.52% fall in net profit at Rs 221.02 crore for Q3FY24 as compared to Rs 371.57 crore for the same quarter in the previous year. However, total income of the company increased by 6.59% at Rs 4,107.28 crore for Q3FY24 as compared Rs 3,853.27 crore for corresponding quarter of the previous year.

Peers
Company Name CMP
GAIL (India) 173.90
Gujarat Energy 254.10
Indraprastha Gas 153.70
Mahanagar Gas 1101.00
Adani Total Gas 605.10
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