Gujarat State Petronet (GSPL) Q3 25/26 earnings summary

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%.