Gujarat State Petronet Ltd. (GSPL) shares dropped by 2% following the release of its Q2 FY25 results, which revealed a year-on-year decline in key financial metrics.
Financial Highlights:
- Gross Income: GSPL reported a gross income of ₹4,235 crore for Q2 FY25, down from ₹4,456 crore in Q2 FY24, reflecting a decrease of approximately 5%.
- Profit Before Tax (PBT): PBT stood at ₹577 crore in Q2 FY25, a significant drop from ₹789 crore in the same quarter last year, marking a decline of about 26.8%.
- Profit After Tax (PAT): The company’s PAT was ₹423 crore, compared to ₹590 crore in Q2 FY24, indicating a decrease of around 28.3%.
As of 9:28 am, GSPL shares were trading 1.78% lower at ₹383.45 on the NSE, reflecting investor concerns over the company’s declining profitability.
TOPICS:
Gujarat State Petronet