Gujarat State Petronet Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 43,890.84 million compared to INR 39,980.4 million a year ago. Revenue was INR 45,866.33 million compared to INR 41,767.44 million a year ago. Net income was INR 3,948.97 million compared to INR 3,593.31 million a year ago. Basic earnings per share from continuing operations was INR 7 compared to INR 6.37 a year ago. Diluted earnings per share from continuing operations was INR 7 compared to INR 6.37 a year ago.
For the nine months, sales was INR 127,626.39 million compared to INR 138,464.26 million a year ago. Revenue was INR 133,334.4 million compared to INR 143,359.98 million a year ago. Net income was INR 11,845.58 million compared to INR 12,685.04 million a year ago. Basic earnings per share from continuing operations was INR 20.99 compared to INR 22.48 a year ago. Diluted earnings per share from continuing operations was INR 20.99 compared to INR 22.48 a year ago.
Gujarat State Petronet Limited is an India-based company, which is engaged in the business of transmission of natural gas through pipeline on an open access basis from supply points to demand centers. 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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