Hot Pursuit     11-Jun-20
GSPL snaps five day winning run
Gujarat State Petronet (GSPL) declined 0.53% to Rs 223.80, snapping its five-day winning streak amid profit booking.
GSPL witnessed selling after the counter added 7% in five days from its closing low of Rs 210.2 on 3 June 2020.

The buying momentum emerged after the company reported decent Q4 March 2020 numbers on Monday, 8 June 2020. The stock closed with 4.7% gain on that day.

Its net profit jumped 86.5% to Rs 497.67 crore on 37.18% rise in net sales to Rs 3151.64 crore in Q4 March 2020 over Q4 March 2019. Profit before tax stood at Rs 598.71 crore in Q4 March 2020, rising 53.45% from Rs 390.16 crore in Q4 March 2019. Current tax expense rose 40.76% to Rs 118.39 crore in Q4 March 2020 over Q4 March 2019.

The company said volumes increased by 13.3% to 36.78 MMSCMD (million metric standard cubic meter per day) in Q4 March 2020 from 32.45 MMSCMD in Q4 March 2019.

GSPL is a natural gas infrastructure and transmission company engaged in gas transportation business.

Previous News
  Gujarat State Petronet
 ( Results - Analysis 14-Feb-23   07:37 )
  Gujarat State Petronet consolidated net profit rises 27.34% in the March 2024 quarter
 ( Results - Announcements 09-May-24   07:23 )
  Gujarat State Petronet consolidated net profit declines 38.04% in the September 2024 quarter
 ( Results - Announcements 08-Nov-24   07:42 )
  GSPL Q4 PAT rises 16% YoY to Rs 261 cr
 ( Hot Pursuit - 09-May-24   10:13 )
  GSPL slips as Q2 PAT declines 27% YoY to Rs 389 crore
 ( Hot Pursuit - 08-Nov-24   10:40 )
  Gujarat State Petronet announces appointment of nominee director
 ( Corporate News - 18-Aug-23   17:54 )
  Gujarat State Petronet consolidated net profit rises 9.45% in the September 2022 quarter
 ( Results - Announcements 11-Nov-22   17:54 )
  Gujarat State Petronet changes directorate
 ( Corporate News - 06-May-23   16:43 )
  Board of Gujarat State Petronet recommends Final Dividend
 ( Corporate News - 04-Jun-21   10:01 )
  Gujarat State Petronet
 ( Results - Analysis 04-Jun-21   16:18 )
  Gujarat State Petronet announces cessation of director
 ( Corporate News - 07-Sep-21   15:40 )
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