Gujarat Industries Power Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
GIPCL · price
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Awaiting price reaction for this filing.
GIPCL reported Q1 FY26 standalone revenue from operations of Rs. 371.52 crore, up about 16% YoY from Rs. 319.96 crore in Q1 FY25. However, profit after tax fell to Rs. 57.47 crore from Rs. 67.78 crore (down ~15%) and EPS dropped to Rs. 3.70 from Rs. 4.48, as cost of materials surged around 42% YoY, squeezing margins. The Board approved appointing K C Mehta & Company LLP as the new statutory auditor for five years (FY26-FY30), replacing CNK & Associates LLP. Additionally, a turnkey mining contract worth approximately Rs. 2,025 crore was awarded to H.D. Enterprises for lignite mining and overburden handling at the Valia Mine over a seven-year period.
Positive top-line growth is offset by sharp input cost inflation hurting profitability, which may pressure the stock in the short term despite operational expansion signaled by the large mining contract. The auditor change is a corporate governance event worth monitoring.