Gujarat State Petronet Q3: Profit Up 10% YoY, Margins Improve Sequentially

• Gujarat State Petronet Ltd (GSPL) reported a mixed Q3 FY26 consolidated performance.
• Consolidated net profit rose nearly 10% year-on-year to ₹256.7 crore, but declined 1.5% sequentially.
• Revenue from operations fell 2.7% sequentially to ₹4,091 crore, impacted by reduced gas transmission tariffs and softer volumes.
• EBITDA slipped 1.2% quarter-on-quarter to ₹613 crore, but EBITDA margin improved sequentially to 15.8% due to cost efficiencies.
• The proposed amalgamation scheme involving Gujarat State Petroleum Corporation, Gujarat Gas, and GSPL awaits final approvals.

Why It Matters: GSPL's Q3 saw profit growth year-on-year and improved sequential margins despite revenue and sequential profit dips.