Gujarat State Petronet LimitedGSPLCorporate

Utilities Utilities - Regulated Gas Latest results: Dec 2025 13 quarters of data

₹277.00

MCap ₹15,629 Cr · P/E 9.9

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹4,092 Cr

Sales · Dec 2025

-6.2% YoY

₹613 Cr

Operating Profit · Dec 2025

+10.9% YoY

15.0%

OPM % · Dec 2025

+18.1% YoY

₹379 Cr

Net Profit · Dec 2025

+13.1% YoY

₹4.55

EPS · Dec 2025

+9.6% YoY

📝 Gujarat State Petronet Limited — results explained

Quarter ended December 2025 (Q3 FY26)

Gujarat State Petronet Limited reported revenue of ₹4,092 crore for the quarter ended December 2025 (Q3 FY26), down 6.2% from ₹4,360 crore in the same quarter last year, and down 2.7% sequentially over the September 2025 quarter.

Net profit rose 13.1% year-on-year to ₹379 crore, from ₹335 crore. Earnings per share (EPS) came in at ₹4.55.

Operating profit stood at ₹613 crore — an operating margin (OPM) of 15.0%, compared with 12.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Gujarat State Petronet Limited posted revenue of ₹12,405 crore, a decline of 29.9% over FY25, with a net profit of ₹1,233 crore (down 24.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹16,696 crore with a net profit of ₹1,585 crore.

Valuation snapshot

At the current price of ₹277.00, GSPL has a market capitalisation of ₹15,629 crore and a trailing P/E of about 9.9.

Within the Utilities - Regulated Gas industry, it is the 5th-largest of the 6 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 37.63%, foreign institutional investors (FIIs) 15.54%, domestic institutional investors (DIIs) 25.36%, the government 2.13%, public shareholders 19.35% of Gujarat State Petronet Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹15,629 Cr

Current Price ?

₹277.0

P/E ?

9.86below ind

Industry P/E ?

14.70

P/B ?

1.31

P/S ?

0.94

P/FCF ?

8.85

Enterprise Value ?

₹15,769 Cr

EV/EBITDA ?

6.26

PEG ?

N/A

Earnings Yield ?

7.9%

Dividend Yield ?

1.80%

Profitability & Returns

Sales (TTM) ?

₹16,696 Cr

OPM ?

15.1%

Profit after tax (TTM) ?

₹1,585 Cr

EPS (TTM) ?

₹28.09

ROCE ?

15.0%

ROE ?

13.3%

ROA ?

7.2%

Growth

Sales — latest qtr ?

₹4,092 Cr

PAT — latest qtr ?

₹379 Cr

YoY qtr sales growth ?

-6.2%

YoY qtr profit growth ?

13.1%

Sales growth (3y) ?

-1%

Sales growth (5y) ?

Profit growth (3y) ?

-12%

Profit growth (5y) ?

-8%

Financial Health

Debt ?

₹140 Cr

Debt to Equity ?

0.01

Interest Coverage ?

54.5

Current Ratio ?

N/A

Ownership

Promoter holding ?

37.63%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-11.6%

Return 6 months ?

-7.1%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Dec bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	YoY %	QoQ %
Sales	4,135	4,415	4,251	4,411	4,389	4,692	4,892	4,159	4,360	4,291	4,107	4,206	4,092	-6.2%	-2.7%
Operating Profit	860	863	731	914	781	970	837	707	553	567	718	621	613	+10.9%	-1.2%
Other Income	42	45	40	45	56	59	69	76	96	109	101	102	96	-0.2%	-6.5%
Interest	15	13	15	14	8	8	8	8	10	37	8	8	9	-9.4%	+7.0%
Depreciation	158	157	161	165	168	169	171	179	179	709	184	188	189	+5.4%	+0.6%
Profit Before Tax	718	719	586	789	661	899	712	577	460	2,295	626	527	510	+10.9%	-3.2%
Net Profit	530	543	434	590	496	663	527	423	335	352	465	389	379	+13.1%	-2.6%
EPS	6.37	6.61	5.94	8.06	7.00	8.42	6.65	4.99	4.15	3.90	5.58	4.62	4.55	+9.6%	-1.5%
OPM %	20.8%	19.5%	17.2%	20.7%	17.8%	20.7%	17.1%	17.0%	12.7%	13.2%	17.5%	14.8%	15.0%	+18.1%	+1.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹17,702 Cr	₹12,405 Cr	₹16,696 Cr	-29.9%
Operating Profit	₹2,664 Cr	₹1,952 Cr	₹2,519 Cr	-26.7%
OPM %	15.05%	15.73%	15.09%	+4.5%
NPM %	9.25%	9.94%	9.49%	+7.5%
Other Income	₹350 Cr	₹299 Cr	₹408 Cr	-14.5%
Depreciation	₹1,238 Cr	₹560 Cr	₹1,269 Cr	-54.7%
Interest	₹64 Cr	₹26 Cr	₹63 Cr	-60.2%
EBIT	₹1,425 Cr	₹1,391 Cr	₹1,249 Cr	-2.4%
PBT	₹4,043 Cr	₹1,663 Cr	₹3,958 Cr	-58.9%
Tax	₹339 Cr	₹269 Cr	₹269 Cr	-20.5%
Net Profit	₹1,637 Cr	₹1,233 Cr	₹1,585 Cr	-24.7%
EPS	₹19.69	₹14.75	₹18.65	-25.1%
Material Cost	₹6,412 Cr	₹5,756 Cr	₹5,756 Cr	-10.2%
Employee Cost	₹135 Cr	₹141 Cr	₹141 Cr	+4.3%
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Sep 2025	% Chg
Equity Capital	564	564	564	564	+0.0%
Reserves	8,885	10,261	11,082	11,377	+2.7%
Borrowings	149	140	138	140	+1.4%
Other Liabilities	7,718	8,091	9,023	9,843	+9.1%
Total Liabilities	17,316	19,056	20,807	21,923	+5.4%
Fixed Assets	10,481	10,779	11,695	11,636	-0.5%
CWIP	1,409	1,680	1,121	1,134	+1.2%
Investments	1,621	1,889	1,792	1,772	-1.1%
Other Assets	3,805	4,708	6,198	7,381	+19.1%
Total Assets	17,316	19,056	20,807	21,923	+5.4%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	% Chg
Cash from Operating Activity	2,748	3,340	2,803	2,741	-2.2%
Cash from Investing Activity	-1,359	-1,815	-2,142	-2,754	-28.6%
Cash from Financing Activity	-1,659	-805	-547	-544	+0.5%
Net Cash Flow	-271	720	114	-556	-587.7%
Free Cash Flow	1,456	2,062	1,550	1,765	+13.9%
CFO/OP	100%	111%	102%	123%	+20.6%

➗ Ratios (latest 4 periods)

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	% Chg
Debtor Days	21	23	24	24	+0.0%
Cash Conversion Cycle	21	23	24	24	+0.0%
Working Capital Days	-23	-25	-9	-5	+44.4%
ROCE %	28%	27%	21%	15%	-28.6%

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	37.63%	37.63%	37.63%	37.63%	+0.0%
FIIs	15.11%	15.47%	15.49%	15.54%	+0.3%
DIIs	25.70%	25.21%	25.08%	25.36%	+1.1%
Government	2.01%	2.01%	2.13%	2.13%	+0.0%
Public	19.55%	19.68%	19.68%	19.35%	-1.7%
No. of Shareholders	1,99,501	1,95,924	1,89,852	1,84,832	-2.6%

⚖️ Peer comparison

Industry: Utilities - Regulated Gas · 6 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	GAIL GAIL (India)	₹173.62	114,157	11.6	147,485	9,870	10.1%	6.7%	-0.3%	-39.2%	16.7%	96.1%
2	ATGL Adani Total	₹595.45	65,488	103.6	6,679	632	17.5%	9.5%	15.9%	0.1%	27.3%	-14.2%
3	GUJGASLTD Gujarat Gas	₹327.05	30,685	21.9	17,701	1,026	11.4%	5.8%	3.0%	-10.6%	35.0%	-47.2%
4	IGL Indraprastha Gas	₹151.75	21,245	15.6	18,141	1,354	9.0%	7.5%	5.8%	-6.5%	16.6%	-44.4%
5	GSPL Gujarat State	₹277.00	15,629	14.9	16,696	1,585	15.1%	9.5%	-29.9%	-24.7%	-6.2%	13.1%
6	STEAMHOUSE Steamhouse India	₹128.50	—	—	—	—	—	—	—	—	13.8%	83.4%

❓ Frequently asked questions

What was Gujarat State Petronet Limited's revenue in Q3 FY26?

What was Gujarat State Petronet Limited's net profit in Q3 FY26?