Gujarat Gas Ltd Share Price (GUJGASLTD)

Gujarat Gas Signs MoU with IOCL to Expand Energy Solutions - 16 Apr, 2024

Gujarat Gas has signed a non-binding Memorandum of Understanding (MOU) with Indian Oil Corporation to provide liquid fuels, automotive lubricants, greases, and specialties at Gujarat Gas outlets. The partnership signifies a significant step forward in the quest for sustainable and accessible energy solutions in India.

Prabhudas Lilladher Estimates Gujarat Gas Q4 Net Profit at Rs. 290 Crore - 12 Apr, 2024

Brokerage house Prabhudas Lilladher expects Gujarat Gas to report a net profit of Rs. 290 crore, down 22.8% YoY but up 29.4% QoQ. Net sales are expected to decrease by 0.7% YoY to Rs. 390 crore, while EBITDA is likely to fall by 11.1% YoY to Rs. 500 crore.

Gujarat Gas Ltd Shows Positive Trends in Returns on Capital - 09 Apr, 2024

Gujarat Gas Ltd has shown substantial increases in returns on capital over the last five years, reaching 17%, while also increasing capital employed by 54%. The stock has returned 270% to shareholders over the same period. Investors are recognizing these changes and it may be worth checking if these trends will continue.

Gujarat Gas Ltd Expected to See Volume Recovery and EBITDA Expansion - 06 Apr, 2024

Analysts at Emkay predict an 11% growth in Gujarat Gas' overall volumes, with a 37% expansion in EBITDA per scm due to lower gas costs. Net profit is expected to remain flat on year but increase by 70% from the previous quarter.

Gujarat Gas Board to Consider Dividends and Financial Results - 19 Mar, 2024

Gujarat Gas Ltd's board will meet on May 6 to consider dividends for the financial year 2023-24 and approve standalone and consolidated audited financial results. Brokerage firms have given a BUY call on Gujarat Gas shares, with Motilal Oswal giving a target price of Rs 675 per share and JM Financial Research giving a BUY with a target price of Rs 590 in a period of 12 months.

Gujarat Gas Aims to Add 40% Volume to Industrial Segment - 18 Mar, 2024

Gujarat Gas is inviting expressions of interest from ceramic customers in Morbi and Surendranagar for the purchase of natural gas, with the aim of adding another 3 million metric standard cubic meters per day to its existing volumes. This would represent a rise of 42% from current supply levels and help Gujarat Gas achieve its goal of increasing volume in its industrial segment by 40%.