Latest news with #GujaratGas
Business Standard
25-06-2025
- Business
- Business Standard
Surya Roshni shines bright on securing Gujarat Gas order
Surya Roshni rose 3.50% to Rs 345.65 after the company announced a fresh order win worth Rs 75.40 crore from Gujarat Gas. The company said it has received the order for the supply of 3LPE-coated ERW steel pipes under API 5L Grade X52 specifications. The order will be executed across multiple GGL locations within a 34-week period. Surya Roshni is the largest exporter of ERW pipes, largest producer of ERW GI pipes and one of the largest lighting companies in India. On a consolidated basis, Surya Roshni's net profit rose 25.18% to Rs 130.09 crore while net sales rose 3.14% to Rs 2145.83 crore in Q4 March 2025 over Q4 March 2024.
Economic Times
13-06-2025
- Automotive
- Economic Times
Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mahanagar Gas: Buy| Target Rs 1760| LTP Rs 1370| Upside 28% Tired of too many ads? Remove Ads Gujarat Gas: Buy| Target Rs 535| LTP Rs 476| Upside 12% (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) India's City Gas Distribution (CGD) sector has emerged as a resilient and strategically vital component of the energy landscape, supported by rising CNG adoption, expanding infrastructure, and favorable cost electric vehicles (EVs) continue to capture headlines, their penetration—particularly in the mass segment—is facing headwinds globally, inadvertently strengthening the outlook for CNG adoption and, by extension, the CGD the CGD sector is witnessing renewed investor interest due to consistent volume growth, margin expansion potential, and supportive regulatory frameworks. In FY25, the CNG powertrain grew by ~35% YoY, establishing itself as one of the fastest-growing fuel categories in India's passenger vehicle CNG vehicle penetration across leading OEMs has expanded significantly, with models now forming up to 25% of certain manufacturers' portfolio, compared to low double-digits just a year trend is further reinforced by the launch of affordable CNG models in the sub-INR1 million category—a segment where EV penetration remains slowing EV momentum is playing to the CGD sector's advantage. Policy tapering in the US and Europe has dampened EV sales growth, with revised projections cutting the expected oil displacement by EVs to just 5mb/d by 2030, half of which is dependent on China increased import tariffs in key markets against Chinese EVs are creating bottlenecks in global EV supply chains, delaying broader contrast, CNG is gaining share steadily, driven by better unit economics, infrastructure rollout, and OEM alignment with mass-market support continues to be a key enabler for CGD. Expansion of the CGD network across new geographies and industrial zones—especially in tier-2/3 cities—is catalyzing gas continuity around cleaner mobility alternatives and price-linked incentives further de-risk the segment's medium-term summary, while EV adoption remains aspirational, the CGD sector is anchored in affordability, scalability, and infrastructure limited competitive disruption, robust policy backing, and rising penetration in key auto segments, the CGD sector is structurally well-positioned for sustained growth over the next 3–5 Gas remains a BUY, underpinned by robust fundamentals and strong growth visibility. Despite FY25 EBITDA/PAT declines, management guides for 10% volume CAGR over FY25-27, led by CNG demand, collaborations with OEMs, and guaranteed price discounts for new PNG company targets significant expansion—adding 250 CNG stations and upgrading existing ones by FY30, with depot access for commercial vehicles and strong uptake in the Mahotsav 2.0 volumes are guided to grow 40% YoY in FY26, while forays into battery manufacturing, LNG, and CBG offer long-term earnings upside. We expect a 10% CAGR in volume over Gas is well-positioned for growth with an expected EBITDA margin of INR 5.6–5.8/scm for FY26/27, supported by lower gas costs from falling LNG and crude prices and rupee company targets 12% YoY CNG volume growth and is expanding aggressively in Thane rural, Ahmedabad rural, and Rajasthan to capture industrial demand. Strategic infrastructure investments and efforts to boost industrial gas adoption support robust volume factors underpin a positive margin and volume outlook, reinforcing Gujarat Gas's strong position in the growing gas distribution market.(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd .)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Business Upturn
13-06-2025
- Business
- Business Upturn
Gujarat Gas shares fall 2% as crude prices spike amid Israel-Iran war escalation
By Aditya Bhagchandani Published on June 13, 2025, 09:49 IST Shares of Gujarat Gas Ltd declined 2.01% to ₹467.05 in Friday's early session, down from a previous close of ₹476.65. The stock followed broader pressure on city gas distribution companies, as global crude oil prices surged over 10% following Israel's preemptive military strike on Iran. Gujarat Gas, which supplies piped natural gas (PNG) and compressed natural gas (CNG), often bears the brunt of rising global energy costs, especially when LNG spot prices rise in tandem with crude oil benchmarks. As WTI and Brent crude futures soared past $75 and $77 per barrel respectively, investor concerns mounted over potential supply disruptions and rising input costs. The spike in energy prices comes amid fears of escalation, with analysts warning that a broader conflict involving Iran may strain global oil and gas logistics, especially if it impacts the Strait of Hormuz, through which nearly 20% of the world's oil passes. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
20-05-2025
- Business
- Business Standard
Gujarat Gas shares rise 6% after Q4 profit jump; key highlights here
Shares of Gujarat Gas Ltd. rose nearly 6 per cent in Tuesday's intraday session, after it reported a 29 per cent sequential jump in its profit for the fourth quarter of the previous financial year (Q4FY25). Gujarat Gas stock rose as much as 5.96 per cent during the day to ₹495 per share, the biggest intraday gain since April 11 this year. The stock pared gains to trade 0.05 per cent higher at ₹466 apiece, compared to a 0.2 per cent decline in Nifty 50 as of 11:25 AM. Shares of the company snapped three day fall on Tuesday and have recovered over 25 per cent from their March lows. The counter has fallen 7 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. Gujarat Gas has a total market capitalisation of ₹31,906.88 crore, according to BSE data. Gujarat Gas Q4FY25 results Net profit of Gujarat Gas rose 29.87 per cent to ₹287 crore in the quarter ended March 2025, as against ₹222 crore during the third quarter of FY25. Revenue from operations declined 1 per cent to ₹4,102.01 crore in the quarter ended March 2025, compared to ₹4,152 crore during the December quarter. The company's Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 19 per cent sequentially to ₹450 crore from ₹379 crore. The Ebitda margin expanded to 11 per cent, up from 9.1 per cent in the December quarter. Industrial sales volumes dropped to 5.03 million metric standard cubic metres per day (mmscmd) for the quarter ended March 2025, compared to 5.80 mmscmd in the same quarter of the previous year. Meanwhile, Domestic sales volumes increased to 0.89 mmscmd from 0.85 mmscmd. About Gujarat Gas The company is India's largest city gas distribution player with presence spread across 44 districts in the State of Gujarat and Union Territory of Dadra Nagar Haveli and Thane GA which includes Palghar district of Maharashtra. The company has around 39370 km of natural gas pipeline network. It has 808 CNG stations with over 21 lakhs households and over 4390 industrial customers.
Business Standard
20-05-2025
- Business
- Business Standard
Gujarat Gas consolidated net profit declines 29.87% in the March 2025 quarter
Sales decline 0.78% to Rs 4102.01 crore Net profit of Gujarat Gas declined 29.87% to Rs 287.88 crore in the quarter ended March 2025 as against Rs 410.48 crore during the previous quarter ended March 2024. Sales declined 0.78% to Rs 4102.01 crore in the quarter ended March 2025 as against Rs 4134.18 crore during the previous quarter ended March 2024. For the full year,net profit rose 0.40% to Rs 1148.32 crore in the year ended March 2025 as against Rs 1143.70 crore during the previous year ended March 2024. Sales rose 5.08% to Rs 16486.95 crore in the year ended March 2025 as against Rs 15690.19 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 4102.014134.18 -1 16486.9515690.19 5 OPM % 10.9614.30 - 11.4011.96 - PBDT 517.12616.16 -16 2060.051955.75 5 PBT 388.54494.96 -22 1549.411481.45 5 NP 287.88410.48 -30 1148.321143.70 0
