Are Gujarat Gas latest results good or bad?

Gujarat Gas has reported its financial results for the quarter ending March 2025, which reflect a complex operational landscape. The company's Profit Before Tax (PBT) was recorded at Rs 314.19 crore, indicating a decline of 15.7% compared to the average PBT over the previous four quarters. This trend suggests that the company is facing challenges in its near-term financial outlook.
In terms of Profit After Tax (PAT), Gujarat Gas reported Rs 287.88 crore, which is a decrease of 6.3% from the average PAT of the last four quarters. This decline in PAT further highlights the financial difficulties the company is encountering.

On a more positive note, the company achieved its highest non-operating income in the last five quarters, amounting to Rs 74.35 crore. However, it is important to note that reliance on non-business income may not be sustainable over the long term.

The quarterly results also show a slight decline in net sales, with a QoQ growth of -1.23%, contrasting with a previous growth of 9.81% in December 2024. However, the consolidated net profit for the quarter reflects a growth of 30.27%, compared to a negative growth of -28.42% in the previous quarter. Additionally, the operating profit margin (excluding other income) shows a modest increase to 10.96%.

Overall, there has been an adjustment in the company's evaluation, indicating a shift in its assessment over the last three months. The financial results suggest ongoing challenges for Gujarat Gas, while also highlighting some areas of resilience.