Gujarat State Petronet Limited informs the exchange about the Financial Results (Standalone & Consolidated) for the Quarter and Half Year ended on 30th September, 2025
Awaiting price reaction for this filing.
Gujarat State Petronet reported Q2 FY26 standalone revenue from operations of Rs 274.06 crore, up about 6% YoY, but H1 FY26 revenue from operations fell to Rs 557.96 crore versus Rs 612.29 crore in H1 FY25, a decline of nearly 9%. Standalone net profit for Q2 was Rs 382.46 crore (vs Rs 389.29 crore YoY) and for H1 was Rs 524.95 crore, down about 13% from Rs 601.31 crore a year ago. On a consolidated basis, H1 revenue from operations dipped to Rs 8,507.82 crore from Rs 9,050.56 crore, and consolidated net profit fell to Rs 853.88 crore from Rs 949.72 crore. Operating cash flow also weakened sharply, with standalone H1 OCF dropping to Rs 638.40 crore from Rs 925.00 crore. The company continues to be impacted by the PNGRB tariff cut (from Rs 34/MMBTU to Rs 18.10/MMBTU effective May 2024), and gas transmission costs more than doubled YoY, squeezing margins. The composite amalgamation-demerger scheme with GSPC, GEL, Gujarat Gas and GSPL Transmission was approved by shareholders on 17 October 2025 and awaits MCA sanction. Auditor Sarupria Somani & Associates issued an unmodified review report.
For shareholders: results are soft with declining half-year revenue, profit and operating cash flow, partly due to the regulatory tariff cut. Margin pressure from sharply higher transmission costs is a watchpoint. The ongoing corporate restructuring could reshape the business significantly once approved, while the Fernas arbitration matter (Rs 119.95 crore deposited/guaranteed) remains a contingent overhang.