Gujarat State Petronet (GSPL) Q1 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, with limited review by statutory auditors and unmodified opinions issued.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹35,432.89 lakhs, down from ₹50,681.00 lakhs in Q4 FY24 and ₹44,116.74 lakhs in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was ₹21,202.07 lakhs, compared to ₹26,112.80 lakhs in Q4 FY24 and ₹22,929.32 lakhs in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹4,89,153.76 lakhs, up from ₹4,69,188.46 lakhs in Q4 FY24 and ₹4,25,052.32 lakhs in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 was ₹52,654.93 lakhs, compared to ₹66,310.68 lakhs in Q4 FY24 and ₹43,402.52 lakhs in Q1 FY24.

Outlook and guidance

• Revenue for the quarter reflects the impact of a revised lower tariff for the HP gas grid, effective May 1, 2024, as per PNGRB order.