Gujarat State Petronet's (GSPL) fourth quarter net profit grew by 25 percent year-on-year to Rs 161.5 crore. However, Manish Sheth, CFO of the company feels the volume growth of the company is down. He cites disruptions in supplies and current low demand as the main reasons for volumes remaining under pressure.
Below is the verbatim transcript of Manish Sheth's interview on CNBC-TV18 Q: Was the jump in numbers largely on back of higher transmission tariffs that you reported this quarter?A: Transmission tariff is as declared by the Petroleum and Natural Gas Regulatory Board (PNGRB); it is only that we have done the implementation from July onwards, which was reflected in the last quarter otherwise there is no other impact. Q: Volumes declined much more than estimate sequentially for you. What would you expect to see in terms of volume growth for the next couple of quarters?
A: Volumes are down. Last quarter there were disruptions in supplies, but demand right now is not very rosy. Therefore, volumes currently are a bit down. So, we are also watching the market.
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