Gujarat State Petronet Sees Major Block Trade: 1.44 Million Shares Change Hands
Gujarat State Petronet Ltd. (GSPL) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 1,438,522 shares at Rs. 333.90 per share, totaling Rs. 48.03 crores. This large-scale trade could potentially impact the stock's trading dynamics and indicates substantial investor activity in GSPL shares.
23May 25
Gujarat State Petronet Q4 Results Miss Estimates, Revenue Drops 9%, Net Profit Halves
Gujarat State Petronet Limited (GSPL) faced a challenging Q4 with significant declines across key financial metrics. Revenue fell 9% YoY to ₹238.00 crore, while net profit plummeted 50% to ₹71.00 crore. EBITDA decreased by 35% YoY, with margins narrowing by over 20 percentage points to 52.10%. The company's performance, marked by reduced volumes (23% YoY decline) and compressed margins, fell short of analyst expectations. Despite the downturn, GSPL's board recommended a dividend of ₹5.00 per share.
22May 25
Gujarat State Petronet Reports Sharp Decline in Q4 Profit, Announces Dividend
Gujarat State Petronet Ltd experienced a significant 53.60% year-over-year decline in Q4 net profit, falling to ₹220.30 crore. Revenue decreased by 4.60% to ₹4,477.50 crore. EBITDA saw a 40.80% reduction to ₹574.30 crore, with the EBITDA margin contracting by 800 basis points to 13.40%. Despite financial challenges, the company announced a dividend of ₹5.00 per share for FY 2024-25.
24Mar 25
Gujarat State Petronet Boosts Gas Infrastructure with New Pipeline to Chhara LNG Terminal
Gujarat State Petronet Limited (GSPL) has commissioned a new gas pipeline connecting to the Chhara LNG Terminal, with an investment of ₹650 crore. This expansion enhances gas supply capabilities near Gir National Park and strengthens GSPL's distribution network. The project aims to improve energy accessibility and promote cleaner fuel options in Gujarat.
17Mar 25
Gujarat State Petronet Limits Project Capex to ₹2,051 Crore, Secures Approval for Strategic Anjar-Palanpur Pipeline
Gujarat State Petronet Ltd. (GSPL) has received approval for the Anjar-Palanpur pipeline project, increasing its total capacity to 45 mmscmd. The ₹2,100 crore project will be completed within three years and connect the Mundra LNG terminal to the Mehsana-Bhatinda pipeline. GSPL also announced a ₹2,051 crore cap on capital expenditure for an unspecified project. In response, Citi upgraded GSPL's stock to 'Buy' with a target price of ₹325.
07Mar 25
Gujarat State Petronet Upgraded to 'Buy' on Merger Scheme and Improved Risk-Reward Profile
Nirmal Bang has upgraded Gujarat State Petronet Ltd (GSPL) to 'Buy' following the announcement of the GSPC Group merger scheme. The upgrade is based on an improved risk-reward profile and the potential for streamlined operations and shareholder value unlocking. The brokerage's valuation considers the implied post-merger value and expected demerger transaction next year. This corporate restructuring could significantly impact GSPL's market position and financial strength.