Gujarat State Petronet posts strong Q2 profit, boosts JV investment

Gujarat State Petronet Limited (GSPL) reported its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. Standalone net profit after tax for Q2 2025-26 stood at INR 38,246.21 lakhs, with gross income at INR 58,004.31 lakhs. Consolidated net profit after tax was INR 38,903.13 lakhs for the quarter, and gross income reached INR 4,32,057.92 lakhs. For the half-year, standalone net profit was INR 52,494.78 lakhs, while consolidated net profit was INR 85,387.58 lakhs.

The company also disclosed strategic investments in GSPL India Gasnet Limited (GIGL), its joint venture. GSPL's board approved subscribing to GIGL's Right Issue of 7% Redeemable Cumulative Preference Share amounting to INR 35.77 Crores, aimed at funding GIGL’s operations. Additionally, an extra equity contribution of INR 7.80 Crores was approved, bringing the cumulative equity contribution to INR 1339.84 Crores. GSPL will maintain its 52% shareholding in GIGL, which is implementing the Mehsana Bhatinda-Gurdaspur pipeline project.