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Entry Price

233.00

Target

285.00

Recommend Date

14-02-2021

Return

22.32 %
BUY

Date : 14-02-2021

Gujarat State Petronet’s (GSPL) operating revenue for Q3FY21 fell 7.2% YoY to | 580.8 crore on account of 4.9% decline YoY in transmission tariff. Gas transmission volumes increased 6.6% YoY to 39.4 mmscmd mainly due to increase in city gas distribution and power sector’s offtake. EBITDA came in at | 398.4 crore, up 4.8% YoY aided by lower other expenses that declined ~29% YoY. Subsequently, PAT was at | 247.5 crore, up 11.4% YoY.