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 September 22, 2014, Gujarat Gas Company closed at Rs 502.00, up Rs 6.15, or 1.24 percent. The 52-week high of the share was Rs 578.90 and the 52-week low was Rs 219.25.
The company's trailing 12-month (TTM) EPS was at Rs 27.78 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.07. The latest book value of the company is Rs 106.18 per share. At current value, the price-to-book value of the company is 4.73.
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