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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Gujarat State Petronet
Gujarat State Petronet (GSPL) investor relations material
Gujarat State Petronet has been delisted
Gujarat State Petronet Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary22 Jan, 2026
Executive summary
Q3 2025-26 saw continued operations in gas transmission with stable sectoral distribution across CGD, refinery/petchem, fertilizer, power, and others.
Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025.
Both standalone and consolidated results were reviewed by the Audit Committee and received unmodified limited review reports from statutory auditors.
Financial highlights
Standalone gross income for Q3 2025-26 was ₹315 crore, with PBDIT at ₹209 crore and PAT at ₹114 crore, down from Q2 2025-26 figures.
Consolidated gross income for Q3 2025-26 was ₹4187 crore, with PBT at ₹389 crore and PAT at ₹379 crore, both lower than Q2 2025-26.
Standalone revenue from operations for the quarter was ₹27,219.69 lakhs, with total income at ₹30,598.09 lakhs.
Consolidated revenue from operations for the quarter was ₹4,09,169.81 lakhs; total income at ₹4,18,746.98 lakhs.
Revenue from gas transportation in Q3 2025-26 was ₹256.54 crore, and from electricity sales ₹3.89 crore.
Segment performance
Transmission volumes in the network were 29.02 MMSCMD in Q3 2025-26, showing a sequential decline from 29.37 MMSCMD in Q2 2025-26.
Sectoral volume distribution in Q3 2025-26: CGD 38.13%, refinery/petchem 21.03%, fertilizer 15.25%, power 9.20%, others 16.39%.
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Latest events from Gujarat State Petronet
- Revenue rose 54.52% as 360 km of gas grid entered service.GSPL
Q4 03/04 - Income grew 44% as the gas grid expanded to 433 km operational.GSPLQ4 04/05
- PAT surged 191% as transmission volumes grew and the pipeline grid expanded.GSPLQ4 05/06
- Pipeline expansion drove strong profit growth as Phase III funding needs rose.GSPLQ4 06/07
- Income and PAT grew as pipeline expansion continued amid lower transported volumes and supply uncertainty.GSPLQ4 08/09
- Income rose 34% as throughput grew and pipeline expansion accelerated.GSPLQ4 07/08
- FY10 PAT more than tripled as gas volumes surged and pipeline expansion accelerated.GSPLQ4 09/10
- Gas throughput rose 9%, while standalone PAT slipped amid supply and tariff uncertainty.GSPLQ4 14/15
- Higher profit and financial closure for three pipelines offset softer gas throughput.GSPLQ4 11/12
- PAT rose 22.38% as gas volumes grew 11%, with national pipeline expansion on the horizon.GSPLQ4 10/11
Gujarat State Petronet
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