Volume outlook stays positive

09 May 2024
5 Min read 
  • Gujarat Gas reported strong 4QFY24 results with EBITDA and PAT exceeding estimates.
  •  The company's long-term volume growth prospects remain robust.
  •  Management is confident in achieving an annualized volume CAGR of ~10% p.a.
  •  EBITDA/scm for the quarter stood at INR6.7/scm, above estimates.
  •  The company added new industrial units and expanded existing units.
  •  The stock is trading at P/E of 23.5x FY26E and EV/EBITDA of 13.6x for FY26E.
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