GSPLTRANSGSPL Transmission Ltd.
GSPL Transmission Q2 FY27 Results: Consolidated Net Profit ₹99.45 Crore on Total Income of ₹339 Crore
- Earnings
- natural gas transmission
Reviewed byRachit TripathiBlacklitt Research
GSPL Transmission (NSE: GSPLTRANS) reported total income of ₹338.92 crore and consolidated net profit of ₹99.45 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone net profit for the quarter was ₹120.44 crore. The figures are unaudited.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹338.92 crore, up 8.5% YoY and 5.0% QoQ
- Net profit and EPS: ₹99.45 crore, up 17.4% YoY and down 12.3% QoQ; basic EPS ₹3.18
- Finance costs: ₹1.83 crore, against ₹0.86 crore a year earlier
- Share of investee loss: ₹20.99 crore, against ₹33.14 crore in the year-earlier quarter
Standalone
The company on its own, without its subsidiaries
- Total income: ₹338.92 crore, up 8.5% YoY and 5.0% QoQ
- Net profit and EPS: ₹120.44 crore, up 2.2% YoY and down 12.6% QoQ; basic EPS ₹3.85
- Finance costs: ₹1.83 crore, against ₹0.86 crore a year earlier
- Half-year net profit: ₹258.25 crore; basic EPS ₹8.26 for the half year
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 338.92 | 312.24 | +8.5% | 322.76 | +5.0% | |
| Revenue from operations | 289.57 | 267.20 | +8.4% | 277.12 | +4.5% |
| Other income | 49.35 | 45.04 | +9.6% | 45.63 | +8.1% |
| 99.45 | 84.73 | +17.4% | 113.44 | -12.3% | |
| Profit before tax | 162.12 | 157.53 | +2.9% | 184.34 | -12.1% |
| Finance costs | 1.83 | 0.86 | +112.0% | 1.69 | +8.2% |
| Depreciation | 54.55 | 54.87 | -0.6% | 53.35 | +2.2% |
| Tax expense | 41.68 | 39.66 | +5.1% | 46.53 | -10.4% |
| Net profit margin | 29.34% | 27.14% | +2.21 pp | 35.15% | -5.81 pp |
| EPS, basic (₹) | 3.18 | 2.71 | +17.3% | 3.63 | -12.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 17.4% YoY to ₹99.45 crore, faster than total income, which rose 8.5%. Profit before tax rose only 2.9%, to ₹162.12 crore. The gap sits below profit before tax: the consolidated statement shows a share of net loss of equity-accounted investees of ₹20.99 crore this quarter, against ₹33.14 crore in the year-earlier quarter.
Other income of ₹49.35 crore rose 9.6% and is 14.6% of total income and 30.4% of profit before tax. Revenue from operations rose 8.4%, slower than other income. Tax of ₹41.68 crore is 25.7% of profit before tax.
Consolidated total comprehensive income for the quarter is ₹101.55 crore. Finance costs of ₹1.83 crore are 0.5% of total income, small against the other lines, though they more than doubled from ₹0.86 crore a year earlier.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 338.92 | 312.24 | +8.5% | 322.76 | +5.0% | |
| Revenue from operations | 289.57 | 267.20 | +8.4% | 277.12 | +4.5% |
| Other income | 49.35 | 45.04 | +9.6% | 45.63 | +8.1% |
| 120.44 | 117.87 | +2.2% | 137.81 | -12.6% | |
| Profit before tax | 162.12 | 157.53 | +2.9% | 184.34 | -12.1% |
| Finance costs | 1.83 | 0.86 | +112.0% | 1.69 | +8.2% |
| Depreciation | 54.55 | 54.87 | -0.6% | 53.35 | +2.2% |
| Tax expense | 41.68 | 39.66 | +5.1% | 46.53 | -10.4% |
| Net profit margin | 35.54% | 37.75% | -2.21 pp | 42.70% | -7.16 pp |
| EPS, basic (₹) | 3.85 | 3.77 | +2.1% | 4.41 | -12.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 2.2% YoY to ₹120.44 crore, slower than total income at 8.5% and profit before tax at 2.9%.
Standalone net profit fell 12.6% QoQ while total income rose 5.0%. Standalone EPS was ₹3.85, up 2.1% YoY and down 12.7% QoQ. Standalone total comprehensive income for the quarter is ₹122.35 crore.
For the half year ended 30 Sep 2026, standalone net profit is ₹258.25 crore and consolidated net profit is ₹212.89 crore. The statement shows standalone basic EPS of ₹8.26 for the half year, and dividends paid in the half year of ₹0.41 lakh in the cash flow statement. The company's audited standalone figures for FY26 show total income of ₹1,245.18 crore and net profit of ₹405.63 crore.
Inference
The board approved the unaudited standalone and consolidated results at a meeting on 3 Nov 2026. Paid-up equity share capital is ₹312.74 crore at a face value of ₹10 per share. The filing shows no dividend declared for the period, and Blacklitt's data lists a CARE Ratings letter on bank facilities filed on 26 Oct 2026.
The filing does not say why finance costs rose or why the investee share of loss narrowed, and the text of note 4 on the year-earlier comparative column is not legible in the images read. Whether any dividend will be declared later is not stated.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
