Gujarat Energy (GUJENERGY) Q1 26/27 earnings summary

Executive summary

• Achieved strong operational and financial performance in Q1 FY 2027, with significant growth across key business segments following the completion of a major merger and rebranding as Gujarat Energy Limited, integrating GSPC, GSPL, and GSPC Energy.

• Demonstrated operational resilience during global energy market disruptions, ensuring uninterrupted gas supply and record gas volumes.

• Approved un-audited standalone and consolidated financial results for Q1 FY27, reflecting the impact of the amalgamation and demerger scheme effective from May 2026.

Financial highlights

• Revenue from operations for Q1 FY27 rose to ₹9,670 crore, up 63% year-over-year from ₹5,924 crore in Q1 FY26; standalone total income was ₹9,857.06 crore and consolidated total income was ₹9,964.42 crore.

• EBITDA increased 65% to ₹1,482 crore from ₹896 crore year-over-year; profit after tax grew 78% to ₹998 crore from ₹561 crore in Q1 FY26; consolidated PAT was ₹1,007.40 crore.

• Overall sales volume reached 15.66 MMSCMD, with gas trading at 12.22 MMSCMD and CGD at 12.34 MMSCMD; CNG volumes hit a record 3.76 MMSCMD.

• Cash reserves exceeded ₹7,000 crore as of quarter-end.

Outlook and guidance

• Expect to sustain 12-13% CNG volume growth for the next couple of years, supported by network expansion and digital/ESG initiatives.

• Gas trading margin guidance maintained at ₹1,100-1,200 crore for FY27.

• CapEx guidance for CGD business is ₹1,000 crore for FY27, with further plans for propane infrastructure under evaluation.

• Long-term gas sourcing contracts expected to increase, targeting 2 million tons LNG equivalent by 2028 and 4 million tons by 2030.