Operating margins fell 520 bps to 87.9% during quarter ended June 2018 as other expenses rose 570 bps to 9.9% as a percentage of adjusted net sales while employee benefit expenses decreased 50 bps to 2.2%.

Operating profit increased 25% to Rs 343.85 crore. Other income decreased 67% to Rs 5.46 crore leading to 19% increase in PBDIT to Rs 349.31 crore. Interest cost rose 448% to Rs 57.93 crore. Depreciation was up 4% to Rs 44.81 crore. As a result PBT was up 3% at Rs 246.57 crore. Considering 530 bps rise in effective rate of taxes to 41.4% GSPL reported a 5% decrease in bottom-line to Rs 144.46 crore.

For FY18 GSPL reported a 30% increase in income from operations to Rs 1331.75 crore compared to corresponding previous year period. On segment basis gas transportation revenue rose 29% to Rs 1298.59 crore while electricity revenues decreased 7% to Rs 37.28 crore.

Operating margins fell 30 bps to 86.2% leading to 29% increase in operating profit to Rs 1147.8 crore. Other income decreased 17% to Rs 73.47 crore leading to 25% increase in PBDIT to Rs 1221.26 crore. Interest cost fell 41% to Rs 35.41 crore. Depreciation was down 2% to Rs 175.04 crore. As a result PBT was up 37% at Rs 1010.81 crore. Considering 120 bps rise in effective rate of taxes to 33.9% GSPL reported a 35% increase in bottom line to Rs 668.43 crore.

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