Hold Gujarat State Petronet target of Rs 380 Prabhudas Lilladher
Fri, Nov 8, 2024 3:25 PM

Hold Gujarat State Petronet target of Rs 380 Prabhudas Lilladher

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Prabhudas Lilladher's research report on Gujarat State Petronet: Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (down 35.9% QoQ, PLe: Rs2.9bn, BBGe: Rs2.3bn). PAT came in at Rs3.9bn (up 83.6%QoQ, PLe: Rs3bn, BBGe: Rs2.8bn). Growth in PAT was on account of ~9x rise in other income. Total volume declined 1.7% QoQ and 18.4% YoY.

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