Quarterly Result28 May 2025, 07:43 pm
GP Petroleums Limited Delivers Double-Digit Growth in Q4 FY 2024-25 with 34% Revenue Increase and 22% Net Profit Rise
AI Summary
GP Petroleums Limited has reported strong Q4 FY 2024-25 performance, showcasing a 34% increase in revenue compared to the previous quarter and a 13% rise compared to the same period last year. The company also saw a 28% increase in net profit compared to the previous quarter and a 22% rise over the same quarter last year. GP Petroleums secured a tender to supply 50,000 metric tonnes of bitumen to Hindustan Petroleum Corporation Ltd (HPCL) and entered into a joint venture agreement with West Coast Oils LLP for the manufacture of specialty bitumen products and related trading activities.
Key Highlights
- Revenue of 3194 crore for Q4 FY 2024-25, reflecting a 34% increase over the previous quarter and a 13% rise compared to the same period last year
- 28% increase in Net Profit in Q4 FY 2024-25 compared to the previous quarter, and 22% rise over the same quarter last year
- Secured a tender to supply 50,000 metric tonnes of bitumen to HPCL over a period of 12 months
- Entered into a joint venture agreement with West Coast Oils LLP for the manufacture of specialty bitumen products and related trading activities
- Poised for continued growth in both domestic and global markets with strategic initiatives across core and emerging business segments