Non-Electrical Utilities company Gujarat Gas announced Q4FY23 & FY23 results: For FY23, the company reported an improved financial performance registering standalone Profit After Tax (PAT) of Rs 1,525.47 crore as compared to Rs 1,285.64 crore of the previous year, showing a growth of 19% For Q4FY23, the company reported a smart recovery in total gas sales volume. The company sold 8.86 mmscmd of volume as compared to 7.29 mmscmd registered in Q3FY23, an increase of 22% The standalone PAT for Q4FY23 was Rs 369.22 crore as compared to Rs 444.29 crore in Q4FY22 The Compressed Natural Gas (CNG) category continues to witness strong momentum, as the consumer started to benefit from favourable government policies announced to protect the interest of CNG and residential Piped Natural Gas (PNG) users. During FY23, the company added close to 1,80,000 new domestic customers, 102 CNG stations, and 1200+ commercial & industrial customers (with a cumulative volume close to 7,00,000 scmd) in FY23 For Q4FY23, the company connected over 50,000 new domestic customers, added 60 CNG stations and commissioned 400+ commercial & industrial customers The Board of Directors has recommended a dividend of Rs 6.65/- per Equity Share of the face value of Rs 2/- each aggregating to Rs 457.78 crore for FY23 Result PDF