Gujarat Gas Limited — Important, 06-02-2025: General Updates

**Financial Highlights**: For Q3 FY25, Gujarat Gas reported a revenue from operations of ₹4,333 Crore, reflecting a year-on-year increase from ₹4,084 Crore. EBITDA stood at ₹439 Crore and profit after tax reached ₹222 Crore, a slight increase from ₹220 Crore in Q3 FY24. On a year-to-date basis, revenue from operations for the nine months ending December 2024 was ₹12,896 Crore, up from ₹11,999 Crore, while YTD EBITDA improved to ₹1,566 Crore from ₹1,362 Crore.

**Strategic Initiatives and Growth Drivers**: The company continues to focus on expanding CNG infrastructure, which drove a significant 12% increase in CNG volumes to 3.12 mmscmd in Q3 FY25. The drive towards a Fully Digitized Online Dispensing Operation (FDODO) model is set to further augment growth.

**Business Developments**: Gujarat Gas is actively increasing its CNG stations, having achieved the highest ever volumes driven by continued investments. The overall gas volumes also grew to 9.47 mmscmd in Q3 FY25, indicating a positive trajectory in operational performance.

**Market Position and Competitive Advantage**: As India’s leading City Gas Distribution (CGD) company, Gujarat Gas operates with a robust network and a strong credit rating of AAA Stable from major agencies, enhancing its competitive advantage in the sector.

**Investor Implications**: With a strong financial performance and positive operational trends, Gujarat Gas presents a favorable outlook for investors, marking it as a company to watch closely as it capitalizes on growth opportunities in the green energy space.