Gujarat Gas (GUJGASLTD) Q1 25/26 earnings summary

Executive summary

• Scheme of arrangement to simplify group structure and amalgamate group companies approved by BSE/NSE, with regulatory approvals received and completion expected by Nov-Dec 2025, pending MCA approval.

• Aggressive expansion in CNG infrastructure, entry into propane, oil, LNG, and LPG sourcing and sales to industrial customers, and record CNG volumes at 3.33 MMSCMD in Q1 FY26, up 12% year-over-year.

• Strong ESG focus with hydrogen blending pilot, digitization initiatives, and recognition for green hydrogen and CBG blending projects.

• Board approved appointments of new Secretarial Auditor for five years and Cost Auditor for FY 2025-26.

• Un-audited standalone and consolidated financial results for Q1 FY26 approved, showing continued profitability and operational stability.

Financial highlights

• Revenue from operations for Q1 FY26 at ₹4,065.41 crore, down from ₹4,614.83 crore year-over-year.

• EBITDA for Q1 FY26 at ₹579 crore, slightly above ₹574 crore in Q1 FY25.

• Consolidated net profit after tax for Q1 FY26 was ₹327.64 crore, down from ₹330.71 crore in Q1 FY25.

• Basic and diluted EPS (consolidated) for Q1 FY26 stood at ₹4.76, compared to ₹4.80 in Q1 FY25.

• Rupee-per-SCM EBITDA margin at ₹7.17, up from ₹5.75 sequentially.

Outlook and guidance

• Annual CapEx planned at ₹800–1,000 crore for FY26, with aggressive expansion in CNG infrastructure and FDODO model to accelerate growth.

• Estimated EBITDA margin for FY26 guided at ₹4.5–5.5 per SCM, with Q2 expected to be softer due to seasonality and price competition.

• Board reaffirmed commitment to becoming a total energy solution provider, with new initiatives in Propane/LPG sales to industrial customers.