Gujarat Gas Limited — Updates, 05-02-2025: Press Release

Gujarat Gas Limited reported a robust performance in Q3 FY 2024-25, achieving an all-time high CNG volume of 3.12 mmscmd, reflecting a 12% year-over-year increase. Revenue from operations rose to ₹4,333 Crore, marking a 6% growth from ₹4,084 Crore in Q3 FY24. EBITDA increased by 4% to ₹439 Crore, while profit after tax (PAT) saw a slight uptick of 1% to ₹222 Crore. Sales volumes totalled 9.47 mmscmd, with industrial sales at 5.46 mmscmd and domestic sales rising to 0.74 mmscmd. The company expanded its customer base by adding over 38,200 new domestic customers and launched five additional CNG stations. The aggressive push for the FDODO model is anticipated to further accelerate growth, supporting a positive outlook for future performance. Investors should keep a close watch on the company’s ongoing initiatives and market positioning.