Gujarat State Petronet Ltd has posted a net profit of INR 91.52 crore for the second quarter ended September 30th 2010 compared with INR 110.05 crore for the quarter ended September 30th 2009.

According to BSE filing, its total income has increased from INR 260.64 crore during the second quarter of last fiscal to INR 261.28 crore during the corresponding quarter of this fiscal.

Meanwhile, the board has approved allotment of 44,650 equity shares under Employees Stock Option Scheme consequent to which the paid-up share capital of the company has increased from INR 5,625,239,290 to INR 5,625,685,790.

(Sourced from BL)