Gandhinagar, Nov 04: GSPL Transmission Limited today announced its unaudited financial results for the second quarter and half year ended September 30, 2026.
The results mark an important milestone in establishing the company’s financial and operational profile as a dedicated natural gas transmission business. The company continues to focus on operational efficiency, infrastructure reliability and the development of gas transmission infrastructure to support the evolving natural gas requirements of the country.
Key financial highlights:
|
Particulars (INR Crores) |
Q2 FY27 |
Q2 FY26 |
Q1 FY27 |
H1 FY27 |
H1 FY26 |
FY26 |
|
Revenue |
289.57 |
267.20 |
277.12 |
566.70 |
541.94 |
1,070.41 |
|
EBITDA |
169.14 |
168.22 |
193.75 |
362.90 |
363.46 |
608.20 |
|
PAT |
120.44 |
117.87 |
137.81 |
258.25 |
255.09 |
405.63 |
|
PAT margin |
41.59% |
44.11% |
49.73% |
45.57% |
47.07% |
37.90% |
|
EBITDA margin |
58.41% |
62.96% |
69.92% |
64.04% |
67.07% |
56.82% |
|
Diluted EPS (in INR) |
3.85 |
3.77 |
4.41 |
8.26 |
8.16 |
12.97 |
Strategic and corporate developments:
- Standalone revenue rose on higher transport volumes across HP, LP and HAPI networks
- HP Grid volume increased by 9% YoY in Q2FY27
- LP Grid volume grew by 31% YoY in Q2FY27
- HAPI Grid volume increased by 17% YoY in Q2FY27
Expansion plan:
- An expansion led capex plan of INR 3,500 crore is underway to enhance pipeline capacity to new geographical areas
- The existing ~2,900 km pipeline network, supplemented by 700 km of planned additions, will expand GTL’s network to 3,600+ km
- GTL awarded EPC contracts worth Rs. 1800 crores for implementation of Anjar Palanpur Pipeline Project in July 26.
- During first Half FY 27, GTL incurred capital expenditure of apprx. Rs. 300 crores
Commenting on results, Shri Manoj Kumar Das, IAS, Chairman said,
“We executed on volumes across HP, LP and HAPI networks which resulted in higher revenue growth in addition to continued focus on operating resilience. Our standalone revenue has risen more than 8% YoY supporting our PAT growth.”
Shri Prakash Karnik, CEO added,
“Currently we are India’s second largest natural gas transmission network covering 2,900+ km across 26 districts in Gujarat. In the years ahead India targets increasing natural gas share in its energy mix and we expect the demand forecast to reach 297 MMSCMD by 2030. In anticipation to meet this increasing demand we are planning an expansion led capex of Rs 3,500 crore. This expansion will not only enhance our pipeline capacity and geographical reach but also create value for our investors and stakeholders through revenue and EBITDA growth."
