Gujarat Gas jumped 5% to Rs 567.20 after the city gas distributor reported 42.3% rise in standalone net profit to Rs 349.93 crore on a 28.6% increase in net sales to Rs 3,428.92 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 FY21 stood at Rs 468.21 crore, up by 44.9% from Rs 323.05 crore in Q4 FY20.
The company's average gas sales volume for the quarter was at 12.13 million metric standard cubic meter per day (mmscmd), up by 22% compared to corresponding quarter previous year. In industrial and CNG category, the gas sales volume is up by 24% and 16% respectively, compared to corresponding quarter previous year.
The company recorded 6.9% growth in standalone net profit to Rs 1,275.50 crore on 4.3% decline in net sales to Rs 9,854.25 crore in FY21 over FY20.