Gujarat State Petronet Q1 net profit up 1.54% at Rs 235.47 cr
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The company reported standalone net profit of Rs 235.47 crore for the quarter ended June 30, 2022 as compared to Rs 231.91 crore in the same period last year, registering a year-on-year growth of 1.54 per cent. Net revenue of the company declined moderately by 8.63 per cent at Rs 481.76 crore in April-June quarter of this fiscal as against Rs 527.24 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 20.44 per cent to Rs 121.58 crore from Rs 152.82 crore in year ago period. Other Income grew by 5.28 per cent at Rs 3.99 crore versus (Jun'21 Rs 3.79 crore). Operating Profit slipped by 3.80 per cent to Rs 360.18 crore as against Rs 374.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.27 per cent in June quarter. Interest declined by 89.65 per cent y-o-y to Rs 1.45 crore, while Taxation decreased by 4.18 per cent at Rs 79.39 crore (Jun'21 Rs 82.85 crore).
