Gujarat Industries Power Co Q1 Results Gain Total Revenue of ₹319.96 crores & Net Income ₹67.78 crores

Gujarat Industries Power Growth Overview

Gujarat Industries Power Co Q1 Results: In the first quarter (Q1) of the financial year, Gujarat Industries Power Company reported various financial figures. The total revenue for June 2024 was ₹319.96 crores, which shows a decrease of 14.15% compared to the previous quarter (QoQ), where it was ₹424.13 crores. However, when looking at the year-over-year (YoY) comparison, the revenue decreased by 6.50% from ₹342.21 crores in June 2023.

Gujarat Industries Power Co.'s operating income for this quarter was ₹73.87 crores, down 3.90% QoQ from ₹83.98 crores, but it improved by 14.70% YoY from ₹64.40 crores a year ago. This indicates that despite the decline compared to the last quarter, the company's operating income has grown significantly over the past year.

Gujarat Industries Power Co.'s net income for June 2024 was ₹67.78 crores, showing a slight increase of 2.43% QoQ from ₹65.11 crores. In terms of YoY growth, net income increased by 18.14% compared to ₹57.37 crores last year. The diluted normalized earnings per share (EPS) also rose to ₹4.48, marking a 2.28% increase QoQ and an impressive 18.21% YoY growth from ₹3.79. This reflects positive progress for the company over the year despite some quarterly fluctuations.

Here are the Q1 results for Gujarat Industries Power Company presented in a simple format:

(in Crores)

Source: Here 

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Gujarat Industries Power Co Q1 Results

Here’s a summary of the financial results in a clear table format:

(in Rs. Lakhs)

Gujarat Industries Power Stock Metrics

Gujarat Industries Power has a market capitalization of ₹3,508 crore, showing its total market value. The current stock price is ₹232, with a high of ₹270 and a low of ₹136 in the past period, indicating price fluctuations. The stock has a Price-to-Earnings (P/E) ratio of 16.8, suggesting it is fairly valued compared to its earnings. Its book value is ₹219, reflecting the company's net asset value per share. The dividend yield is 1.67%, meaning investors receive this percentage as dividends. 

Here's the information formatted in a table for clarity:

Quarterly Results 

Here’s the table focusing on the quarterly results for December 2023, March 2024, and June 2024:
(Rs In lakhs)

About Gujarat Industries Power 

Gujarat Industries Power Company is an important energy company in India, established in 1985. It is a public company, which means its shares are available for the public to buy. The company is based in Vadodara, Gujarat, and is supported by several key organizations, including Gujarat Fertilizers and Chemicals (GSFC) and Gujarat Urja Vikas Nigam (GUVNL). GIPCL focuses on generating electrical power and has a total capacity of 1,184.4 megawatts (MW), which comes from both thermal and renewable energy sources.

Gujarat Industries Power Company operates a variety of power plants, including the 500 MW Surat Lignite Power Plant and gas-based plants in Vadodara. It also has renewable energy projects, such as wind and solar power plants. To ensure a steady supply of fuel for its operations, GIPCL runs lignite and limestone mines. In addition to its business activities, GIPCL is dedicated to community development. It has built a township with good infrastructure and a school for the children of its employees and nearby villages. GIPCL is recognized for its performance and efficiency in power generation, making it a key player in India's energy sector.