India's Gujarat Gas rises, 'better-than-feared' Q4 margins surprise analysts

Gujarat Energy

20/05/2025 05:41

** Shares of Gujarat Gas GGAS.NS up nearly 3% to 479 rupees

** Both volumes and margins "better than feared", company's ability to limit volume decline while raising prices, margins is an encouraging outcome, says JP Morgan after co's results

** Macquarie says EBITDA margin rising 23% sequentially to about 5.4 rupees per standard cubic meter is a "beat"

** Brokerage Investec says co's Q4 core profit "~3% ahead of our estimates on the back of better-than-expected margins"

** Co on avg rated "hold" vs "buy"-rated peers Mahanagar Gas MGAS.NS and Indraprastha Gas IGAS.NS - according to data compiled by LSEG

** YTD GGAS down nearly 3% vs IGAS' nearly 3% rise and MGAS' 10% climb

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))