Gujarat Gas Limited, a government company engaged in natural gas distribution including CNG and PNG connections in South & Central Gujarat and Saurashtra, reported stable top-line yet moderated profits in Q2FY26.
Financial Results:
- Revenues for Q2FY26 stood at ₹3,780 crore, nearly flat with a minor year-on-year decline of 0.05% from ₹3,782 crore.
- Total expenses increased 2.03% to ₹3,475 crore from ₹3,406 crore.
- Consolidated net profit declined 9.39% to ₹280 crore compared to ₹309 crore.
- Earnings per share fell 9.38% to ₹4.06 from ₹4.48.
The company experienced rising costs which pressured margins despite steady revenue. Gujarat Gas continues to focus on operational efficiencies and strategic expansion of its gas distribution network.
Outlook:
Gujarat Gas aims to optimize costs and bolster customer base in core regions to drive profitability. Continued focus on infrastructure investment and market development is expected to support sustainable growth.
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