News: GSPL's revenue increased 1.9% YoY to Rs. 588.5 crore in Q2FY22. Transmission volume declined 5.7% YoY to 37.5 mmscmd. It increased 1.9% QoQ. EBITDA was Rs. 380.7 crore, flat YoY leading to reported PAT at Rs. 327.7 crore, up 20.9% YoY as company reported high other income of Rs.90.4 crore.
Views: Transmission volume decline YoY was mainly on account of reduced offtake from power sector, which was higher in base quarter. On a QoQ basis, offtake from CGD and fertiliser sector increased. Sustained growth in transmission volumes with ramp up in domestic gas production and spot LNG price trend will be key monitorable, going forward.
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