Gujarat Gas Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 37,817.5 million compared to INR 38,454 million a year ago. Revenue was INR 39,872 million compared to INR 40,193.1 million a year ago. Net income was INR 3,087.4 million compared to INR 2,962.5 million a year ago. Basic earnings per share from continuing operations was INR 4.48 compared to INR 4.3 a year ago. Diluted earnings per share from continuing operations was INR 4.48 compared to INR 4.3 a year ago.
For the six months, sales was INR 82,320.5 million compared to INR 76,269.1 million a year ago. Revenue was INR 86,405.8 million compared to INR 79,668.6 million a year ago. Net income was INR 6,394.5 million compared to INR 5,122 million a year ago. Basic earnings per share from continuing operations was INR 9.29 compared to INR 7.44 a year ago. Diluted earnings per share from continuing operations was INR 9.29 compared to INR 7.44 a year ago.
Gujarat Gas Limited is an India-based company, which is engaged in the natural gas business in India. Its natural gas business involves distribution of gas from sources of supply to centers of demand and to the end customers. It is engaged in city gas distribution, including sale, purchase, supply, distribution, transport, trading in natural gas, compressed natural gas (CNG), liquefied natural gas (LNG), liquefied petroleum gas (LPG) and other gaseous form through pipelines, trucks/trains or such other suitable mode for transportation/distribution of natural gas, CNG, LNG, LPG and other gaseous form. The Company supplies piped natural gas for domestic usage to approximately 1.87 lakhs households across its operating locations. It has approximately 27 city gas distribution licenses spread across 43 districts in six states and one Union territory across the states of Gujarat, Maharashtra, Rajasthan, Haryana, Punjab and Madhya Pradesh and the Union Territory of Dadra & Nagar Haveli.
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