Key Financial Highlights (Standalone)

(All figures in ₹ crore)

Quarterly Performance (Q2 FY27 vs. Q2 FY26)

  • Revenue from Operations: ₹9,826.08 (vs. ₹6,164.86), up 59.4% YoY
  • EBITDA (includes other income): ₹1,019.40 (vs. ₹853.09), up 19.5% YoY
  • EBITDA Margin: 10.37% (vs. 13.84%)
  • Profit After Tax: ₹639.27 (vs. ₹524.72), up 21.8% YoY
  • EPS (₹): 6.81 (vs. 5.59)

Half-Yearly Performance (H1 FY27 vs. H1 FY26)

  • Revenue from Operations: ₹19,496.34 (vs. ₹12,089.20), up 61.3% YoY
  • EBITDA: ₹2,501.57 (vs. ₹1,748.68), up 43.1% YoY
  • EBITDA Margin: 12.83% (vs. 14.46%)
  • Profit After Tax: ₹1,637.24 (vs. ₹1,085.80), up 50.8% YoY
  • EPS (₹): 17.45 (vs. 11.57)

Strategic & Corporate Developments

  • The board approved the execution of long-term LNG sourcing agreements with reputed international LNG suppliers, aggregating to approximately 0.8 MTPA for a tenure of up to 10 years, linked to Henry Hub.
  • The board approved the execution of a Regasification Agreement on a firm basis for LNG Cargo Slots at GSPC LNG Limited's Mundra LNG Terminal.

Operational Performance

CGD Update

  • Q2 FY27 Volumes: 10.7 MMSCMD, up 24% YoY
  • H1 FY27 Volumes: 11.5 MMSCMD, up 31% YoY
  • Pipeline Network (as of 30 September 2026): MDPE pipeline network expanded to 43,148 km; steel pipeline network expanded to 3,542 km.

Capex Update

  • Q2 FY27 Capex: ₹181 crore
  • H1 FY27 Capex: ₹308 crore
  • Capex Guidance for FY27: Reiterated at ₹1,000 crore

CNG Update

  • Q2 FY27 CNG Volume: 3.67 MMSCMD, up 11% YoY
  • H1 FY27 CNG Volume: 3.72 MMSCMD, up 12% YoY
  • CNG Stations: 13 new stations added in Q2 FY27, taking the total to 857 stations as of H1 FY27.

PNG Update

  • Q2 FY27 New Domestic Customers: 49,000
  • H1 FY27 New Domestic Customers: 1,08,000

Gas Sourcing Update

  • Q2 FY27 LNG Cargoes: 14 cargoes (including partial cargoes)
  • H1 FY27 LNG Cargoes: 24 cargoes (vs. 12 in H1 FY26)

Management Comments

  • Shri M K Das, IAS, Chairman: Stated that the approval of long-term LNG sourcing agreements will reduce dependence on Spot LNG Cargos and secure reliable and sustainable supply of LNG.
  • Smt. Avantika Singh, IAS, Managing Director: Commented on the strong Q2 performance, highlighting revenue growth of 59.4%, EBITDA growth of 19.5%, and PAT growth of 21.8%. Focus remains on expanding the CGD network, strengthening CNG infrastructure, and accelerating domestic PNG penetration. The company has issued an Expression of Interest (EOI) for franchisee partners to develop LNG Stations and set up Compressed Biogas (CBG) Plants (200 TPD capacity - 100 TPD in Gujarat and 100 TPD outside Gujarat).

Company Overview

Gujarat Energy Limited is a leading Integrated Energy Company in India with over 3 decades of operations. Key operational metrics as of Q2 FY27:

  • Gas pipeline network: 46,690+ km
  • Natural gas distribution: approx. 15.38 MMSCMD in Q2 FY27
  • CNG stations: 857
  • Domestic households served: more than 25.3 lakh across six states and one union territory.

Public Relations

  • Abhishek Savant, Veritas Reputation PR Pvt Ltd (abhishek@verjcasrepytation.com, +91 810 88488 22)
  • Priya Saini, Veritas Reputation PR Pvt Ltd (priya.saini@veritasrepytation.com, +91 8447441404)

Investor Relations

  • Krishna Patel, EY (Krishna.Patel2@in.ey.com)
  • Abhishek Bhatt, EY (Abhishek.Bhatt3@in.ey.com)
  • Sandeep Dave, Gujarat Energy Limited (sandeep.dave@gujenergy.com)
  • Hetal Thaker, Gujarat Energy Limited (Hetal@gujenergy.com)