Gujarat State Petronet Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Gujarat State Petronet Ltd reported a 9.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 0.6%.
- Its expenses for the quarter were up by 14.5% QoQ and 5.1% YoY.
- The net profit decreased 20.7% QoQ and decreased 32.4% YoY.
- The earnings per share (EPS) of Gujarat State Petronet Ltd stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 4456.56 | 4067.75 | 4431.48 | 9.6% | 0.6% |
Total Expenses | 3976.14 | 3472.69 | 3784.17 | 14.5% | 5.1% |
Profit Before Tax | 480.42 | 595.06 | 647.31 | -19.3% | -25.8% |
Tax | 124.66 | 153.61 | 164.53 | -18.8% | -24.2% |
Profit After Tax | 335.43 | 423.17 | 496.20 | -20.7% | -32.4% |
Earnings Per Share | 4.20 | 5.00 | 7.00 | -16.0% | -40.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Gujarat State Petronet Ltd is a prominent player in the energy sector, primarily engaged in the transportation of natural gas. The company operates a vast network of pipelines that facilitate the distribution of natural gas across various regions, supporting both industrial and domestic consumption. As a key infrastructure entity, Gujarat State Petronet Ltd plays a crucial role in enhancing energy accessibility and reliability. The company is part of the broader natural gas industry, which is influenced by factors such as energy demand, regulatory changes, and advancements in energy technology. While recent major developments specific to the company are not available, the industry as a whole is marked by ongoing efforts to transition to cleaner energy sources.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Gujarat State Petronet Ltd reported a total income of ₹4456.56 crores. This reflects a quarter-over-quarter (QoQ) increase of 9.6% from ₹4067.75 crores in Q2FY25. Year-over-year (YoY), there was a marginal increase of 0.6% when compared to ₹4431.48 crores in Q3FY24. The steady rise in quarterly revenue highlights the company's ability to maintain its income stream amidst varying market conditions. The income figures indicate the company's ongoing operations in the natural gas transportation sector, which continues to be a significant revenue stream for the business.
Profitability
The profitability metrics for Gujarat State Petronet Ltd in Q3FY25 reveal some declines compared to previous periods. Profit Before Tax (PBT) stood at ₹480.42 crores, marking a decrease of 19.3% QoQ from ₹595.06 crores in Q2FY25 and a 25.8% drop YoY from ₹647.31 crores in Q3FY24. Consequently, the Profit After Tax (PAT) was recorded at ₹335.43 crores, down 20.7% QoQ from ₹423.17 crores in the previous quarter and down 32.4% YoY from ₹496.20 crores in the same period last year. These figures reflect the impact of increased total expenses on the company's profitability. Earnings Per Share (EPS) also decreased to ₹4.20, a 16.0% decline QoQ from ₹5.00, and a 40.0% decline YoY from ₹7.00, indicating a reduction in shareholder returns.
Operating Metrics
The total expenses for Gujarat State Petronet Ltd in Q3FY25 amounted to ₹3976.14 crores, exhibiting a significant QoQ increase of 14.5% from ₹3472.69 crores in Q2FY25 and a YoY increase of 5.1% from ₹3784.17 crores in Q3FY24. The rise in expenses suggests increased operational costs during the quarter. The effective tax charge for the quarter was ₹124.66 crores, reflecting a decrease of 18.8% QoQ from ₹153.61 crores and a 24.2% decrease YoY from ₹164.53 crores. These changes in tax expenses align with the overall decrease in profitability, impacting the net earnings for the period. Despite the challenges, the company continues to manage its operational parameters in line with the demands of the natural gas sector.
