Gujarat Gas' Q2 FY 2025-26 Quarterly Results

Result Summary

• Gujarat Gas Ltd reported a 2.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 0.8%.
• Its expenses for the quarter were down by 0.4% QoQ and up 2.1% YoY.
• The net profit decreased 14.6% QoQ and decreased 9.4% YoY.
• The earnings per share (EPS) of Gujarat Gas Ltd stood at 4.06 during Q2 FY 2025-26.

Financial Statments for Q2 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 primarily engaged in the distribution of natural gas in India. The company operates in the energy sector, focusing on providing piped natural gas (PNG) and compressed natural gas (CNG) to industrial, commercial, and residential segments. Gujarat Gas has a significant presence in the state of Gujarat, and it is known for its extensive pipeline network facilitating efficient gas distribution. As of the recent updates, no new major developments have been reported for the company.

Revenue

For Q2FY26, Gujarat Gas Ltd reported a total income of ₹3851.66 crores, reflecting a decrease of 2.0% from the previous quarter (Q1FY26), where the income was ₹3930.25 crores. When compared to the same quarter in the previous year (Q2FY25), the total income showed a marginal increase of 0.8% from ₹3820.30 crores. This indicates a relatively stable revenue performance over the year with slight fluctuations quarter-over-quarter.

Profitability

Gujarat Gas Ltd's profitability in Q2FY26 saw a decline in several key metrics. The profit before tax was recorded at ₹376.09 crores, which is a 14.5% decrease from the previous quarter’s ₹439.87 crores and a 9.4% decrease year-over-year from ₹415.22 crores in Q2FY25. The profit after tax followed a similar trend, decreasing by 14.6% quarter-over-quarter to ₹279.81 crores from ₹327.64 crores in Q1FY26, and by 9.4% year-over-year from ₹308.74 crores. The earnings per share for Q2FY26 were ₹4.06, decreasing from ₹4.76 in Q1FY26 and from ₹4.48 in Q2FY25, marking a consistent decrease in profitability metrics.

Operating Metrics

The total expenses for Gujarat Gas Ltd in Q2FY26 were ₹3475.57 crores, showing a slight decrease of 0.4% from the previous quarter’s ₹3490.38 crores. However, there was a 2.1% increase in expenses compared to ₹3405.08 crores in Q2FY25. The tax expense for Q2FY26 was ₹96.92 crores, which is 14.3% lower compared to the previous quarter’s ₹113.10 crores and 10.5% lower than the ₹108.29 crores reported in Q2FY25. These figures highlight a controlled cost environment with relatively stable expense management, despite the fluctuations in total income and profitability.