Gspl Transmission Limited (NSE: Gspltrans) Q2 FY27: 8.5% Yoy Revenue Growth, Expansion Plan Unveiled

GSPL Transmission Limited (NSE: GSPLTRANS) today announced its unaudited financial results for the second quarter and half year ended September 30, 2026, marking an important milestone in establishing the company’s financial and operational profile as a dedicated natural gas transmission business. The company reported an 8.5% year-on-year (YoY) revenue growth in Q2 FY27, driven by higher transport volumes across HP, LP, and HAPI networks. Moreover, the company unveiled an expansion-led capex plan of INR 3,500 crore to enhance pipeline capacity to new geographical areas.

Financial Highlights

The key financial highlights for Q2 FY27 include a revenue of INR 289.57 crore, up from INR 267.20 crore in Q2 FY26. The company’s EBITDA and PAT also saw growth, reaching INR 169.14 crore and INR 120.44 crore respectively. The PAT margin stood at 41.59%, slightly lower than the 44.11% in Q2 FY26 but still robust.

Strategic Developments

The company’s standalone revenue rose due to higher transport volumes across its HP, LP, and HAPI networks. Specifically, HP Grid volume increased by 9% YoY, LP Grid volume grew by 31% YoY, and HAPI Grid volume increased by 17% YoY. Additionally, an expansion-led capex plan of INR 3,500 crore is underway to enhance pipeline capacity to new geographical areas, expanding the existing ~2,900 km pipeline network by 700 km to reach 3,600+ km.

As a result, GSPL Transmission Limited is well-positioned to meet the increasing demand for natural gas in India, which is expected to reach 297 MMSCMD by 2030. The expansion plan will not only enhance the company’s pipeline capacity and geographical reach but also create value for investors and stakeholders through revenue and EBITDA growth.

Source: NSE Corporate Announcement

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