GP Petroleums Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
GULFPETRO · price
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GP Petroleums' board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations came in at Rs. 15,819.40 lakhs, down about 4.7% from Rs. 16,591.11 lakhs in the same quarter last year. Profit before tax rose to Rs. 856.66 lakhs (vs Rs. 829.82 lakhs), and profit after tax grew to Rs. 644.19 lakhs (vs Rs. 619.31 lakhs), an increase of roughly 4%. EPS stood at Rs. 1.26 versus Rs. 1.21 a year ago. The auditor (J Mandal & Co. LLP) issued a clean limited review report with no qualifications. The company also announced its 42nd AGM for September 26, 2025, via video conferencing, and noted a new joint venture with West Coast Oils LLP for specialty bitumen products (signed May 8, 2025), which has not yet started operations.
Mixed signals for shareholders: top-line shrank year-on-year, but profitability improved modestly on better cost management. The JV in specialty bitumen could open a new growth avenue, though it's still pre-operation. Clean auditor report and steady margins offer comfort, but investors will likely watch for a recovery in revenue growth.