- Sales Growth: Gujarat Gas experienced fluctuations in its sales over the observed period. Sales peaked at ₹16,759 crores in March 2023 but slightly decreased to ₹15,690 crores in March 2024. This indicates some volatility in revenue generation, which could be attributed to various factors such as changes in demand, market conditions, or regulatory environment.
- Expense Management: Despite the varying sales figures, Gujarat Gas effectively managed its expenses relative to revenue growth. Expenses decreased from ₹14,354 crores in March 2022 to ₹13,814 crores in March 2024. This demonstrates prudent cost management strategies employed by the company to optimize operational efficiency and maximize profitability.
- Operating Profit: The company’s operating profit exhibited fluctuations during the observed period. It reached its peak at ₹2,422 crores in March 2023 but declined to ₹1,876 crores in March 2024. These fluctuations could be attributed to changes in operational efficiency, input costs, pricing strategies, or market dynamics.
- Other Income and Net Profit: Gujarat Gas’s other income increased steadily from ₹82 crores in March 2020 to ₹163 crores in March 2024. This additional income contributes to the company’s overall profitability. However, net profit showed fluctuations, reaching its highest at ₹1,525 crores in March 2023 before decreasing to ₹1,143 crores in March 2024. These fluctuations in net profit indicate some variability in the company’s bottom-line performance, which could be influenced by factors such as revenue, expenses, and non-operating income.
- Dividend Payout: The dividend payout percentage increased significantly from 7% in March 2020 to 34% in March 2024. This suggests a more aggressive dividend distribution policy adopted by the company, despite fluctuations in profitability. It reflects Gujarat Gas’s commitment to returning value to its shareholders and indicates confidence in its financial position and future prospects.
FAQs
What Is the Market Value of Gujarat Gas?
As of July 10th, 2024, Gujarat Gas has a market capitalization (Market Cap) of ₹44,787 Crores.
What Is the Current Share Price of Gujarat Gas?
As of July 10th, 2024, the current share price of Gujarat Gas is ₹650.
What Is the Stock PE Ratio of Gujarat Gas?
The stock P/E ratio for Gujarat Gas is 40.7.
What is the Share Price target of Gujarat Gas for 2030
The Share Price target of Gujarat Gas is expected to reach ₹1,881.32 by the end of 2030.
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