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Gujarat State Petronet hits lifetime high on earnings

The company reported a net profit of Rs 113 crores vs Rs 85 crores a year ago for the quarter ended.

twitter-logoReuters | August 10, 2015 | Updated 18:18 IST
Gujarat State Petronet hits lifetime high on earnings
Photo: Reuters

Gujarat State Petronet Limited (GSPL) shares have risen as much as 13 per cent to touch a lifetime high of Rs 138.

The company reported net profit of Rs 113 crores vs Rs 85 crores a year ago for the quarter ended.

The June quarter profit  for the company was up on higher than expected volumes and lower depreciation and interest charges.

Analysts expect an upward revision in GSPL's regulated tariffs based on recently released draft amendment to tariff regulations.

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