कोशिश गोल्ड - मुक्त
City gas volumes crawl even as price worries loom
Mint Mumbai
|August 25, 2023
City gas distribution (CGD) companies such as Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) and Gujarat Gas Ltd have seen their stock prices decline 4-11% in August after the June quarter earnings failed to lift investor confidence.
Their lower-than-expected volumes reported during Q1 dampened sentiments and analysts are watchful after slight rise in spot gas prices.
Earnings of CGD companies in Q1 were a mixed bag. While IGL and MGL saw a sequential margin improvement, Gujarat Gas saw a decline. MGL’s Ebitda per standard cubic meter (scm) of gas at ₹16.80 improved from ₹9.10 in the year ago quarter, and ₹12.80 in the previous quarter. IGL Ebitda per scm, at ₹8.60 also improved from ₹6.30 in the previous quarter, but remained flat on a year-on-year (y-o-y) basis. However, Gujarat Gas’s Ebitda per scm at ₹4.60 was lower than ₹6.80 in the year-ago quarter, and ₹7.00 in the previous quarter.
यह कहानी Mint Mumbai के August 25, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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