Gujarat Gas Q2: Net profit declines 27% YoY to Rs 296 crore

Gujarat Gas’ revenue from operation also fell in the quarter ending September 30 to Rs 3,991.15 crore, compared to Rs 4,107.83 crore in Q2FY23.

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26 Aug, 2025 12:21

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Gujarat Gas Limited on November 2 reported consolidated net profit of Rs 296.25 crore in the second quarter of financial year 2023-24, a decline of 26.7 percent from the year-ago period.

The city gas distribution company’s net profit was Rs 404.41 crore in the same period last year. However, net profit increased 37 percent sequentially as the company’s profit was Rs 215.95 crore in the previous quarter.

Its revenue from operations also fell in the quarter ending September 30 to Rs 3,991.15 crore compared to Rs 4,107.83 crore in Q2FY23.

Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at Rs 524.87 crore in the second quarter, 20.7 percent lower than last year. The company’s EBITDA was Rs 661.77 crore in the corresponding period last year.

On November 2, shares of Gujarat Gas settled at Rs 408.40 a piece on BSE, 0.85 percent higher than previous day’s close.