Gujarat State Petronet Q3 Result 2024: Date and Time, Share Price and Target

News: Gujarat State Petronet Limited (GSPL) recently announced its financial results for the third quarter of 2024. As investors and stakeholders eagerly await this update, let’s dive into the details.

Date and Time of Announcement

The Q3 results are scheduled to be released on February 14, 2024. Mark your calendars!

Total Income

GSPL’s total income for Q3 2024 stands at Rs 795.63 crore. This represents a significant growth of 47.78% compared to the previous quarter.

Operating Performance

• EBIT (Earnings Before Interest and Taxes): GSPL achieved an EBIT of Rs 628.86 crore during Q3, reflecting a robust performance.
• Profit After Tax (PAT): The company reported a PAT of Rs 532.02 crore, indicating a remarkable increase of 69.32%.

Sector Comparison

GSPL’s performance was benchmarked against its sector peers. The company’s results outperformed expectations, demonstrating its resilience in the gas distribution industry.

Share Price and Target

Investors are keen to know how these results will impact GSPL’s share price. While we await further details, keep an eye on the stock market for potential movements.

About Gujarat State Petronet :

• Company Background: GSPL is a natural gas transmission company, established in 1998 by the Government of Gujarat.
• Headquarters: The company’s headquarters are located in Gandhinagar, Gujarat, India.
• Gas Pipeline Network: GSPL operates an extensive 2,239 km long gas pipeline network known as the Gujarat Gas Grid within Gujarat. This network facilitates the efficient transportation of natural gas from supply points to demand centers.
• Business Focus: GSPL is primarily engaged in the transmission of natural gas through pipelines on an open access basis. Additionally, the company generates electricity through windmills.

Financial Highlights (Q3 2024)

Here are some key financial insights from GSPL’s recent Q3 2024 results:

1. Total Income: GSPL reported a total income of Rs 795.63 crore during this quarter, reflecting a substantial growth of 47.78% compared to the previous quarter.
2. Operating Performance:
   • EBIT (Earnings Before Interest and Taxes): Achieved Rs 628.86 crore during Q3, showcasing a robust performance.
   • Profit After Tax (PAT): The company recorded a PAT of Rs 532.02 crore, indicating an impressive increase of 69.32%.
3. Sector Comparison: GSPL’s results outperformed expectations, demonstrating its resilience in the gas distribution industry.
4. Share Price and Target: Investors eagerly await the impact of these results on GSPL’s share price. Keep an eye on the stock market for potential movements

Gujarat State Petronet continues to be a key player in the energy sector. As the company navigates market dynamics, these Q3 results provide valuable insights for investors and analysts alike.

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