Gujarat Gas continues to maintain its sterling performance. The company for nine months ended 30th September '00 has reported a growth of 32% in topline.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (eoy)
Earnings per share*
The company has reported strong operational performance. The OPM has increased by 260 basis points. The rise in OPM seems to be driven by higher realisations, which have resulted in strong topline growth.
Pre-tax profits are up substantially due to higher operating profits and a decline in depreciation and interest charges. However, tax liability has doubled YoY affecting PAT growth.
Over the last quarter the stock has steadily firmed up. At the end of 2QFY01 the stock was trading at Rs 432 on an annualised earnings multiple of 9. At Rs 585 the company is trading at a multiple of 14.7 on 3QFY01 annualised earnings.
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