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Earnings Call Transcript

GSPL Transmission Earnings Call Transcript: Key Takeaways

Standalone Q2 revenue rose 8% to ₹290 Cr and PAT rose 2% to ₹120 Cr on 12% volume growth. The company is debt-free, but H1 EBITDA was flat, subsidiary losses persist, and the tariff path remains unresolved.

GSPL Transmission Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthStandalone revenue ₹290 Cr, +8% YoY; H1 +4.5%, volume-led.
MarginsQ2 EBITDA margin 58.4%; H1 ~64%; no peer comparison.
Order bookEPC contracts worth ₹1,800 Cr awarded July 2026; no order book figure.
Demand visibilityGas demand 188 to 297 MMSCMD by 2030 cited; CGD growth expected.
Management confidenceUpbeat on expansion; defensive on subsidiary losses and tariff questions.

Growth

Revenue +8% YoY, EBITDA +6% (₹169 Cr vs ₹160 Cr), PAT +2%, so profit growth lagged top line. H1 revenue +4.5%, H1 EBITDA flat at ₹363.5 Cr.

Outlook

Targets ~₹3,000 Cr capex by March 2028 and capacity rising from ~36.5 to ~44-45 MMSCMD. No quantified growth or tariff guidance given.

Risks

Loss-making GIGL and GITL with low utilisation, PNGRB appeal pending with prospective-only true-up, flat H1 EBITDA, and ₹3,500 Cr capex dependent on volume ramp-up and the ~2028 tariff revision.

Source

Earnings Call Transcript filed with NSE, NSE: GSPLTRANS. Summary written with AI assistance from the document.

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GSPL Transmission Ltd: key numbers

Share price
₹112.60
Market cap
₹3,521 Cr
Revenue (annual)
₹1,070 Cr
Net profit (annual)
₹290.7 Cr
Promoter holding
38.94%
FII holding
10.83%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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