Shares of Gujarat State Petronet Ltd (GSPL) dropped 1.88% to ₹340.95 in early trade on Friday following a weak set of Q4 results announced post-market hours on Thursday. The company’s financials for the March quarter showed sharp declines across key metrics on a sequential basis.
Revenue declined 9% to ₹238 crore from ₹260 crore in the December quarter. Net profit halved to ₹71 crore from ₹136 crore, while EBITDA fell 35% year-on-year to ₹124 crore. Margins narrowed significantly to 52.1%, compared to 73.8% in the preceding quarter, primarily due to a steep rise in other expenses from ₹20 crore to ₹50 crore.
Volume performance was also under pressure, down 11% from the previous quarter and 23% year-on-year.
Despite the subdued performance, the board has recommended a final dividend of ₹5 per share for FY25. The stock, which has a face value of ₹10, currently commands a market cap of ₹190.25 billion with a P/E ratio of 13.93 and a dividend yield of 1.48%.
GSPL counts major domestic mutual funds such as Mirae Asset MF, SBI MF, Kotak MF, and DSP MF among its shareholders. Prominent foreign investors like the Abu Dhabi Investment Authority (ADIA) and Government Pension Fund Global also hold stakes in the company. Notably, over 2 lakh small shareholders collectively own 5.91% in GSPL.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.