Latest news with #GujaratStatePetronet
Business Standard
2 days ago
- Business
- Business Standard
Gujarat State Petronet consolidated net profit declines 16.08% in the June 2025 quarter
Sales decline 13.12% to Rs 4106.91 crore Net profit of Gujarat State Petronet declined 16.08% to Rs 314.68 crore in the quarter ended June 2025 as against Rs 374.97 crore during the previous quarter ended June 2024. Sales declined 13.12% to Rs 4106.91 crore in the quarter ended June 2025 as against Rs 4727.01 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 4106.914727.01 -13 OPM % 17.4817.39 - PBDT 810.10882.96 -8 PBT 626.13711.56 -12 NP 314.68374.97 -16
Business Standard
23-05-2025
- Business
- Business Standard
Gujarat State Petronet consolidated net profit declines 53.62% in the March 2025 quarter
Sales decline 5.33% to Rs 4290.52 crore Net profit of Gujarat State Petronet declined 53.62% to Rs 220.30 crore in the quarter ended March 2025 as against Rs 474.97 crore during the previous quarter ended March 2024. Sales declined 5.33% to Rs 4290.52 crore in the quarter ended March 2025 as against Rs 4532.20 crore during the previous quarter ended March 2024. For the full year,net profit declined 33.05% to Rs 1111.08 crore in the year ended March 2025 as against Rs 1659.53 crore during the previous year ended March 2024. Sales rose 0.44% to Rs 17370.11 crore in the year ended March 2025 as against Rs 17294.84 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 4290.524532.20 -5 17370.1117294.84 0 OPM % 13.2221.23 - 15.1419.56 - PBDT 665.101012.71 -34 2943.023542.86 -17 PBT 485.71843.54 -42 2234.152879.04 -22 NP 220.30474.97 -54 1111.081659.53 -33
Business Standard
23-05-2025
- Business
- Business Standard
GSPL slips as Q4 PAT declines 73% YoY to Rs 71 crore
Gujarat State Petronet (GSPL) declined 1.14% to Rs 342.70 after the company's standalone net profit slipped 72.91% to Rs 70.73 crore on a 53.03% fall in revenue from operations to Rs 238.07 crore in Q4 FY25 over Q4 FY24. The dismal bottom-line performance was largely due to a sharp 53.03% drop in revenue from operations, which came in at Rs 238.07 crore compared to Rs 506.82 crore in the year-ago quarter. Revenue from gas transportation, the companys core business, stood at Rs 232.83 crore, down 53.54% YoY, while revenue from electricity sales declined 8.07% YoY to Rs 5.24 crore. Profit before tax during the quarter stood at Rs 103.53 crore, reflecting de-growth of 71.01% on a YoY basis. The company reported a 22.8% decline in Q4 transmission volumes, which stood at 25.76 million metric standard cubic meters per day (mmscmd), compared to 33.38 mmscmd in Q4 FY24. On a full-year basis, the company's net profit fell 37.13% to Rs 807.62 crore on a 45.32% drop in revenue to Rs 1,110.79 crore in FY25 over FY24. Meanwhile, the board of directors recommended a dividend of Rs 5 per equity share of Rs 10 each, representing a 50% payout for the financial year 2024-25. Gujarat State Petronet's primary business objective is to connect various supply sources and users of natural gas in Gujarat through its gas pipeline network. GSPL is the leader in the natural gas transmission business in Gujarat and is the second-largest natural gas transmission player in India.
Yahoo
24-03-2025
- Business
- Yahoo
India's Gujarat State Petronet commissions $75.5bn Chhara gas pipeline
India's Gujarat State Petronet has commissioned a natural gas pipeline connecting the Chhara LNG terminal to the gas grid, reported Energyworld. The pipeline, costing Rs6.5bn ($75.5m), runs close to the Gir National Park & Wildlife Sanctuary, home to Asiatic lions. The pipeline has a capacity of 18 million standard cubic metres per day and connects the newly established five million tonnes per annum (mtpa) liquefied natural gas (LNG) import terminal at Chhara in the Gir-Somnath district with the gas grid. The pipeline was developed by Gujarat State Petronet to enhance natural gas availability in line with India's energy mix goals. A unit of state-run Hindustan Petroleum Corporation (HPCL) has set up the facility to import LNG at Chhara. The LNG imported at the terminal is regasified and transported through pipelines to customers including power plants and fertiliser units. The Chhara terminal is operated by HPCL LNG, a subsidiary of HPCL. "The work for engineering, procurement and construction of the 36-inch dia pipeline from HPCL LNG terminal at Chhara in Gir-Somnath district up to Lothpur in Amreli district of Gujarat, including despatch terminal at Chhara LNG terminal, valve stations and receiving terminal at Lothpur, was entrusted to the Mumbai-based construction company, Ace Pipeline Contracts, in September 2023," the statement said. 'To cut down on the construction schedule, construction techniques such as automatic welding for welding of the 36-inch dia pipeline were deployed on the project." India also recently passed the Oilfield (Regulatory and Development) Amendment Bill, 2024, a reform aimed at attracting investment and boosting oil and gas exploration in the country. The bill was approved by the Rajya Sabha, the upper house of parliament, on 3 December 2024. It supports the Prime Minister's vision of Viksit Bharat, aiming to transform India by 2047. This bill addresses changing market conditions and the need for a legal framework that meets the current needs of the industry. "India's Gujarat State Petronet commissions $75.5bn Chhara gas pipeline" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
