May 06, 2013, 12.20 PM IST | Source: Moneycontrol.com

Gujarat Gas drops 2% after fall in Q4 profits

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.

Also Read - Petronet keen to buy 25% stake in Gujarat LNG terminal

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 April 23, 2014, Gujarat Gas Company closed at Rs 377.75, up Rs 3.25, or 0.87 percent. The 52-week high of the share was Rs 426.20 and the 52-week low was Rs 159.00.


The company's trailing 12-month (TTM) EPS was at Rs 28.89 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 13.08. The latest book value of the company is Rs 102.33 per share. At current value, the price-to-book value of the company is 3.69.

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