The Board of Directors of the Company at its meeting held today, i.e. 12th August, 2025 has approved the Un-Audited Financial Results (Standalone & Consolidated) of the Company for the ....
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd reported a weak Q1FY26 with standalone revenue from operations falling to Rs. 283.9 crore from Rs. 354.3 crore a year earlier, a drop of about 20%. Net profit (PAT) declined sharply to Rs. 142.5 crore from Rs. 212 crore, down roughly 33%, while EPS slipped to Rs. 2.53 from Rs. 3.76. The fall is largely linked to the PNGRB tariff order that cut the levelized gas transmission tariff from Rs. 34 to Rs. 18.10 per MMBTU effective May 2024; the company is contesting this in the Delhi High Court. The board also flagged the pending composite amalgamation scheme involving GSPC, GSPL, GEL, GGL, and GTL awaiting MCA approval, and ongoing FCC arbitration where it has deposited Rs. 89.34 crore and furnished a Rs. 50.61 crore bank guarantee. The statutory auditors issued an unmodified limited review report on both standalone and consolidated results.
Sharp revenue and profit decline driven by the lower PNGRB tariff is a negative for near-term earnings, though the legal challenge and pending restructuring scheme could be future swing factors. Shareholders should expect pressure on profitability until the tariff issue is resolved or the restructuring takes effect.