Source: CNBCTV18
Gujarat State Petronet Ltd reported a rocky fourth quarter on Wednesday (May 22). Net profit for the January-March period plunged 53.6% year-on-year (YoY) to â¹220.3 crore from â¹475 crore in Q4FY24.
Revenue from operations fell 4.6% to â¹4,477.5 crore against â¹4,691.9 crore in the year-ago quarter.
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At the operating level, EBITDA tanked 40.8% YoY to â¹574.3 crore over â¹969.8 crore. The EBITDA margin shrank 800 basis points 13.4% from 21.4%.
The board of directors recommended a dividend of â¹5 per equity share of â¹10 each, representing a 50% payout for the financial year 2024-25.
The results came after the close of the market hours. Shares of Gujarat State Petronet Ltd ended at â¹346.50, down by â¹4.65, or 1.32%, on the BSE.
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