Gujarat Gas Company shares slipped nearly two percent Friday after the company reported a poor set of quarterly earnings.
Gujarat Gas Company shares slipped nearly two percent Friday after the company reported poor set of quarterly earnings.
Sequentially, consolidated profits of the natural gas distributor were down by 15 percent to Rs 59 crore (against estimates of Rs 66 crore) in fourth quarter of FY13, impacted by sharp increase in LNG prices and decline in domestic gas supply.
However, consolidated net sales increased marginally quarter-on-quarter to Rs 762.8 crore from Rs 756.5 crore during the quarter.
At 10:01 hours IST, the stock declined 1.72 percent to Rs 242.90 on Bombay Stock Exchange.
Guj Gas stock price
On May 22, 2015, Gujarat Gas Company closed at Rs 770.50, down Rs 23.65, or 2.98 percent. The 52-week high of the share was Rs 871.75 and the 52-week low was Rs 366.00.
The company's trailing 12-month (TTM) EPS was at Rs 24.33 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 31.67. The latest book value of the company is Rs 119.89 per share. At current value, the price-to-book value of the company is 6.43.
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