Net Results Dec 2009 for Gujrat Gas Company

by khalid on 09/03/2010 · 0 comments

Ahmedabad based Gujarat Gas Company (Gujarat Gas) reported a surge in its net profit for the period Q4 (ending Dec 09). During the said quarter, net profit rose 42.15% to Rs 46.23 crores in comparison to the Rs 32.52 crores profit of Q4 (ending Dec 08) of previous year.

The company informed the market(BSE) that the total income increased to Rs 386.12 crores in Q4 when compared with the same quarter Q4 of previous year. Total income was Rs 330.88 crores in last year’s same quarter.

It was announced by the company that the general meeting for the shareholders which is held every year is to be convened on 22nd April 2010 and a dividend of about Rs 3 for every share in the year 2009 has been put forward by the directors. They had also recommended dividend which is a one – time special for about Rs 5 for every share just for the year.

The total volume of the gas sold during the quarter was 274 mmscm compared to 250 mmscm in the corresponding period last year. The company has invested Rs 1,553 million in network extension and infrastructure up gradation during 2009 and will await clearance from regulatory authorities before venturing in new areas under its plan.

Share’s Data :-
BSE Code : 523477
Mkt. Cap: Rs 3335 Crores
P/E Ratio: 18.60
EPS (Rs): 13.65
Face Value : Rs 2
Last bonus : 1:1 in Jul 2009
Last dividend : 400% in Mar 2010
52 Week H/L : Rs 277.70 / 112.00
Gujarat Gas Company Ltd. share’s CMP is Rs 259.95 on 8th Mar 2010.

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: