Gujarat Industries Power Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
GIPCL · price
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On the reaction day the stock moved 6.3 pts more than Nifty Microcap 250 and 6.9 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GIPCL reported FY25 standalone revenue from operations of Rs. 1,256.26 crores, down about 6.85% from Rs. 1,348.64 crores in FY24, weighed down by lower Q4 revenue (Rs. 338.25 crores vs Rs. 372.69 crores). Despite the revenue dip, profit after tax rose 6.5% to Rs. 211.43 crores (FY24: Rs. 198.51 crores), and profit before tax grew 8.1% to Rs. 272.95 crores, supported by lower fuel and generation costs. EPS came in at Rs. 13.97 vs Rs. 13.12. The board recommended a dividend of Rs. 4.09 per share (40.9%) for FY25, subject to shareholder approval. The balance sheet shows a sharp jump in capital work-in-progress to Rs. 3,266 crores (from Rs. 437 crores) and long-term borrowings rising to Rs. 1,733 crores (from Rs. 316 crores), indicating a major capacity expansion is underway.
PAT growth and a healthy dividend are positives for shareholders, but a 7% revenue decline and a sharp rise in debt for capex could be near-term watch points. The market may focus on execution of the large capex project and the ability to sustain margins once the new capacity comes online.