Shares of Gujarat State Petronet Ltd (GSPL) experienced a decline of 1.88% to ₹340.95 in early trading on Friday, following the release of disappointing Q4 results after market close on Thursday. The company's financials for the March quarter revealed significant decreases across key metrics.
Revenue saw a 9% decrease, falling to ₹238 crore from ₹260 crore in the December quarter. Net profit was halved, dropping to ₹71 crore from ₹136 crore, while EBITDA decreased by 35% year-on-year to ₹124 crore. Margins also narrowed to 52.1% from 73.8% in the previous quarter, primarily due to an increase in other expenses from ₹20 crore to ₹50 crore.
Trading volumes experienced a decline, decreasing by 11% from the previous quarter and 23% year-on-year. Despite this downturn, the board has proposed a final dividend of ₹5 per share for FY25. GSPL currently has a market capitalization of ₹190.25 billion, a P/E ratio of 13.93, and a dividend yield of 1.48%.