 "Gujarat State Petronet dips on disappointing Q1 results")
Gujarat State Petronet has dipped 6% to Rs 81 on National Stock Exchange (NSE) after reporting 32% year-on-year (yoy) decline in standalone net profit at Rs 85 crore, due to lower operational income. The company had recorded a profit of Rs 126 crore in the same quarter last year.
Net sales of the company declined 22% to Rs 230 crore on yoy basis.
According to company statement, during the quarter, revenues from gas transportation segment were down by 23% to Rs 218 crore against Rs 284 crore in the same period last year. Earnings from sale of electricity increased marginally 7% to Rs 14 crore against Rs 13 crore in the corresponding quarter last year.
The stock opened at Rs 82.55 and touched a low of Rs 80 on NSE. A combined 232,100 shares changed hands on the counter so far on NSE and BSE.
Net sales of the company declined 22% to Rs 230 crore on yoy basis.
According to company statement, during the quarter, revenues from gas transportation segment were down by 23% to Rs 218 crore against Rs 284 crore in the same period last year. Earnings from sale of electricity increased marginally 7% to Rs 14 crore against Rs 13 crore in the corresponding quarter last year.
The stock opened at Rs 82.55 and touched a low of Rs 80 on NSE. A combined 232,100 shares changed hands on the counter so far on NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%