Gujarat Gas Q3: Earnings Meet Low Expectations, Stock Dips Over 3%

• Gujarat Gas shares fell over 3% on January 20 following its December quarter results.
• The company's Q3 earnings matched already weak market expectations.
• Volume declined by 5.6%, which was marginally better than the feared 7-8% drop.
• Revenue decreased by 3.2% sequentially to ₹3,658 crore, while EBITDA remained stable at ₹447 crore.
• Net profit saw a 4.6% decline to ₹267 crore, and industrial volumes fell by 19.7%.

Why It Matters: Gujarat Gas' Q3 results met low expectations, but the stock still dropped due to overall weak performance.