Gujarat Gas Ltd. reported a decline in earnings for the fourth quarter, impacted by lower operating performance and a significant one-time loss during the period.
The company posted a net profit of ₹351 crore, down 46.5% quarter-on-quarter (QoQ) from ₹656 crore reported in the previous quarter.
During the quarter, Gujarat Gas recorded a one-time loss of ₹146.57 crore, compared with ₹3.24 crore in the preceding quarter, which weighed on overall profitability. Revenue from operations stood at ₹5,792 crore, registering a 3.4% decline QoQ from ₹5,998 crore reported in the previous quarter.
Operating performance also weakened during the quarter. EBITDA declined 35% QoQ to ₹609.5 crore, compared with ₹935 crore in the preceding quarter. The company’s EBITDA margin contracted to 10.5%, down from 15.6% in the previous quarter, indicating pressure on operating profitability.
Gujarat Gas Q4 Performance
| Particulars | Q4 | Previous Quarter | Change |
|---|---|---|---|
| Net Profit | ₹351 crore | ₹656 crore | Down 46.5% |
| Revenue | ₹5,792 crore | ₹5,998 crore | Down 3.4% |
| THE EVENTS | ₹609.5 crore | ₹935 crore | Down 35% |
| EBITDA Margin | 10.5% | 15.6% | Lower by 510 bps |
| One-Time Loss | ₹146.57 crore | ₹3.24 crore | Higher |
The decline in profit was accompanied by lower revenue, weaker operating earnings, and a sharp increase in one-time losses during the quarter.
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