GujaratStatePetronet Q4 net profit down 2.04% at Rs 202.05 cr
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The company reported standalone net profit of Rs 202.05 crore for the quarter ended March 31, 2022 as compared to Rs 206.26 crore in the same period last year, registering a year-on-year decline of 2.04 per cent. Net revenue of the company declined moderately by 6.86 per cent at Rs 433.12 crore in January-March quarter of this fiscal as against Rs 465.03 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 5.07 per cent to Rs 126.95 crore from Rs 120.82 crore in year ago period. Other Income grew by 5.08 per cent at Rs 6.41 crore versus (Mar'21 Rs 6.10 crore). Operating Profit slipped by 11.05 per cent to Rs 306.16 crore as against Rs 344.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.50 per cent in March quarter. Interest declined by 80.37 per cent y-o-y to Rs 3.41 crore, while Taxation decreased by 23.37 per cent at Rs 57.73 crore (Mar'21 Rs 75.34 crore).
