Gujarat Gas Limited has reported 10.79 per cent increase in net profit in the fourth quarter of financial year (FY) 2023-24. The net profit during the quarter stood at Rs 4.1 billion as against Rs 3.7 billion profit in the fourth quarter of FY 2022-23.
The revenue from operations witnessed 5.4 per cent increase from Rs 40.73 billion to Rs 42.93 billion during the period under consideration.
The total sales volume stood at 9.69 million metric standard cubic meters per day (mmscmd), compressed natural gas (CNG) volumes at 2.89 mmscmd and piped natural gas (PNG) volumes at 1 mmscmd during the January 2023- March 2024 period under consideration.
Gujarat Gas is one of the country’s largest city gas distribution (CGD) companies operating in 44 districts in 6 states of Gujarat, Maharashtra, Rajasthan, Haryana, Punjab and Madhya Pradesh and union territory of Dadra & Nagar Haveli.