Gujarat Gas Q2 PAT seen down 43% at Rs 55 cr
Gujarat Gas, country's largest private sector natural gas distribution company is set to declare its results for the quarter ended June 2012. Analysts on an average expect profit after tax to fall by 43% year-on-year and 15.3% quarter-on-quarter to Rs 55 crore in the quarter.
July 26, 2012 / 14:35 IST
Gujarat Gas, country's largest private sector natural gas distribution company is set to declare its results for the quarter ended June 2012. Analysts on an average expect profit after tax to fall by 43% year-on-year and 15.3% quarter-on-quarter to Rs 55 crore in the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to decline by 50% YoY and 8.5% QoQ to Rs 70 crore during the same period.Operating profit margin is seen falling significantly to 9.5% as against 24% in a year ago period and 10.6% in the previous quarter.However, sales are seen going up 26.5% YoY and 2% QoQ to Rs 745 crore in the second quarter of calendar year 2012.
Analysts feel sharp YoY margin decline continues due to high LNG cost, weak rupee and low PMT supply.Company increased gas prices by around 3% in the industrial segment, but that was not enough to cover costs during the quarter.EBITDA/scm is likely to decline further QoQ to Rs 3.7 from 3.9. Volumes are also expected to be weak, down 3% QoQ at 3.2 mmscmd. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
