Gujarat State Petronet Limited has informed the Exchange regarding 'Performance Highlights based on the Audited Financial Results (Standalone & Consolidated) of the Company for the Quarter/Year ended 31st March 2025'.
Awaiting price reaction for this filing.
GSPL submitted its audited Q4 FY25 and full-year FY25 results presentation to the exchanges. On a standalone annual basis, revenue jumped roughly 56% to Rs 2,367 crore and PAT rose about 59% to Rs 1,285 crore versus FY24. However, on a consolidated basis, FY25 PAT declined around 25% to Rs 1,637 crore from Rs 2,184 crore in FY24, even as revenue stayed nearly flat at Rs 18,418 crore. Q4 FY25 standalone revenue from operations fell sharply to Rs 238 crore compared with Rs 507 crore in Q4 FY24, driven by a steep drop in gas transportation revenue. Gas transmission volumes in the GSPL network have also been trending down through the year, dipping to 25.76 MMSCMD in Q3 FY25 from 35.39 MMSCMD in Q1 FY24, with fertilizer and power sectors making up the bulk of sectoral volumes.
The headline standalone numbers look strong, but the Q4 revenue slump, declining transmission volumes, and lower consolidated profit are red flags that could weigh on the stock. Investors should watch whether the volume weakness is temporary or signals structural pressure on GSPL's core gas transmission business.