Gujarat State Petronet Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 39,921.15 million compared to INR 42,652.25 million a year ago. Revenue was INR 42,346.55 million compared to INR 44,559.36 million a year ago. Net income was INR 2,816.71 million compared to INR 4,546.22 million a year ago. Basic earnings per share from continuing operations was INR 4.99 compared to INR 8.06 a year ago. Diluted earnings per share from continuing operations was INR 4.99 compared to INR 8.06 a year ago.
For the six months, sales was INR 87,191.23 million compared to INR 83,735.55 million a year ago. Revenue was INR 91,956.12 million compared to INR 87,468.06 million a year ago. Net income was INR 6,566.4 million compared to INR 7,896.61 million a year ago. Basic earnings per share from continuing operations was INR 11.64 compared to INR 14 a year ago. Diluted earnings per share from continuing operations was INR 11.64 compared to INR 14 a year ago.
Gujarat State Petronet Limited is an India-based company, which is engaged in the business of transmission of natural gas. The Company supports local vendors, vulnerable and marginalized groups, and other supply chain partners. The Company plans, designs, constructs, operates and maintains natural gas pipeline and associated facilities. The Company's subsidiaries include GSPL India Gasnet Limited (GIGL), GSPL India Transco Limited (GITL), and Gujarat Gas Limited (GGL). GIGL is engaged in the development of the Mehsana - Bhatinda and Bhatinda - Gurdaspur Pipeline Projects. GITL is engaged in the development of the Mallavaram - Bhopal - Bhilwara - Vijaipur Pipeline Project. GGL is engaged in the business of city gas distribution with a presence spread across 44 districts in the State of Gujarat, Punjab, Rajasthan, Haryana, Madhya Pradesh, Maharashtra and the Union Territory of Dadra and Nagar Haveli.
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