Gujarat Gas' Q1 FY 2025-26 Quarter Results

Result Summary

• Gujarat Gas Ltd reported a 5.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 12.4%.
• Its expenses for the quarter were down by 4.9% QoQ and 13.7% YoY.
• The net profit decreased 20.2% QoQ and decreased 0.9% YoY.
• The earnings per share (EPS) of Gujarat Gas Ltd stood at 4.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Gujarat Gas Ltd is a prominent player in the natural gas distribution sector in India. The company primarily focuses on the distribution of natural gas to various sectors, including residential, commercial, and industrial customers. As one of the largest city gas distribution companies in India, Gujarat Gas operates extensively across multiple states, providing piped natural gas (PNG) and compressed natural gas (CNG) to its consumers. The company has consistently expanded its infrastructure to cater to an increasing demand for cleaner fuel alternatives. There are no specific recent major developments available up to October 2023 in this context.

Revenue

In the first quarter of FY26, Gujarat Gas Ltd reported a total income of ₹3930.25 crores. This represents a decline of 5.6% compared to the previous quarter (Q4FY25), where the total income was ₹4165.26 crores. Additionally, when compared to the same quarter in the previous fiscal year (Q1FY25), the total income decreased by 12.4% from ₹4488.85 crores. This downward trend in revenue over both the quarter-on-quarter (QoQ) and year-on-year (YoY) periods highlights changes in the company's income generation over the past year.

Profitability

For Q1FY26, Gujarat Gas Ltd recorded a Profit Before Tax (PBT) of ₹439.87 crores, down 20.0% from ₹549.71 crores in Q4FY25. The PBT also shows a slight decrease of 0.8% compared to ₹443.30 crores in Q1FY25. The company incurred a tax expense of ₹113.10 crores in Q1FY26, which decreased by 19.3% from the previous quarter's tax of ₹140.17 crores and saw a minor reduction of 0.4% compared to the tax of ₹113.52 crores in Q1FY25. Consequently, the Profit After Tax (PAT) for Q1FY26 was ₹327.64 crores, reflecting a 20.2% drop from the previous quarter's PAT of ₹410.48 crores and a 0.9% decline from the PAT of ₹330.71 crores in Q1FY25.

Operating Metrics

The Earnings Per Share (EPS) for Gujarat Gas Ltd in Q1FY26 stood at ₹4.80, which represents a 20.0% decrease from the previous quarter's EPS of ₹6.00. Notably, the EPS remained unchanged year-over-year, as it was also ₹4.80 in Q1FY25. The company's total expenses for Q1FY26 amounted to ₹3490.38 crores, showing a 4.9% decrease from ₹3671.24 crores in Q4FY25 and a 13.7% reduction from ₹4045.55 crores in Q1FY25. These figures indicate a consistent decrease in operating expenses over both quarterly and yearly comparisons, which is reflected in the overall profitability metrics.