Gujarat Gas Posts Robust Q2 with Rs 39.79 Billion Revenue and Rs 2.8 Billion Net Profit

Gujarat Gas Limited released its September quarter financial results, reporting consolidated revenue from operations of Rs 39.79 billion and a consolidated net profit of Rs 2.8 billion. Despite facing subdued industrial demand and market challenges, the company sustained profitability driven by stable sales in CNG and disciplined cost control.

The quarter’s performance showcased Gujarat Gas' ability to navigate volume declines in key industrial clusters, such as Morbi's ceramic sector, offset by growth in retail CNG sales. The company’s EBITDA margin improved due to effective operational management, underpinning the stable bottom line even in a slightly contracting revenue environment.

Management remains optimistic, focusing on expanding CNG infrastructure and enhancing PNG connections, leveraging its extensive pipeline network and market leadership to capture future growth opportunities.

Key Highlights:

• September quarter consolidated revenue: Rs 39.79 billion.
• September quarter consolidated net profit: Rs 2.8 billion.
• Resilience amid market challenges with stable CNG volume growth.
• EBITDA margin improvement reflects effective cost and operational efficiencies.
• Strategic focus on expanding CNG and PNG market penetration.

Sources: Gujarat Gas official filings, ScanX Trade, Moneycontrol