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GSPL Q4 PAT rises 16% YoY to Rs 261 cr
09-May-24   10:13 Hrs IST

The company?s revenue from gas transportation was at Rs 501.11 crore (up 18.88% YoY) while that from electricity sales was Rs 5.70 crore (up 4.4% YoY) during the quarter.

Profit before tax during the quarter stood at Rs 357.08 crore, registering a growth of 21.84% on YoY basis.

The company's Q4 transmission volume was 33.37 mmscmd (million metric standard cubic metres per day), up 33.05% YoY.

On full year basis, the company?s net profit jumped 35.95% to Rs 1284.64 crore on 15.31% rise in revenue to Rs 2,031.54 crore in FY24 over FY23.

Meanwhile, the firm?s board recommended a dividend of Rs 5 per equity share for the financial year 2023-24.

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 natural gas transmission business in Gujarat and is the second-largest natural gas transmission player in India.

The scirp declined 0.90% to currently trade at Rs 290.80 on the BSE.

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