Gujarat Gas (GUJGA) has delivered a weak Q1FY24, with 36% YoY dip in EBITDA/ 44% dip in PAT to INR 3.9bn/INR 2.2bn, missing I-Sec estimates of EBITDA/PAT of INR 7/4.6bn, respectively. The miss was due to a 5% YoY dip in volumes and a sharp 32% dip in EBITDA/scm.