Summary of Key Information:

Reporting Period: Quarter and Half Year Ended September 30, 2026 (Q2 FY26)

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results Submission under SEBI LODR Regulations

Date of Board Meeting / Approval: November 03, 2026

Audit Opinion: Clean - Unmodified Limited Review Report by Deloitte Haskins & Sells LLP

Auditor's Comment: No qualifications or modifications. Nothing came to their attention causing belief that the statement contains material misstatement.

Key Financial Highlights [in ₹ Crore]

Standalone Results:

Revenue from Operations:

  • Q2 FY26: ₹2,776.74 (6.88% increase YoY from ₹2,255.29 in Q2 FY25)
  • Q1 FY26: ₹2,597.89
  • H1 FY26: ₹5,374.63 (18.50% increase YoY from ₹4,535.73 in H1 FY25)

Total Income:

  • Q2 FY26: ₹2,800.25
  • H1 FY26: ₹5,428.51

Net Profit:

  • Q2 FY26: ₹137.03 (29.25% decrease QoQ from ₹193.70 in Q1 FY26)
  • Q2 FY25: ₹193.37
  • H1 FY26: ₹330.73 (35.52% decrease YoY from ₹512.93 in H1 FY25)

EPS:

  • Q2 FY26: ₹13.87 (Basic and Diluted)
  • H1 FY26: ₹33.48

Other Equity: ₹6,488.66 as of September 30, 2026 (vs ₹6,335.48 as of March 31, 2026)

Cash and Cash Equivalents: ₹42.22 as of September 30, 2026 (vs ₹56.56 as of March 31, 2026)

Debt: Not specifically disclosed as separate line item

Consolidated Results:

Revenue from Operations:

  • Q2 FY26: ₹2,778.05
  • H1 FY26: ₹5,376.95

Net Profit Attributable to Owners:

  • Q2 FY26: ₹135.62
  • H1 FY26: ₹328.62

EPS:

  • Q2 FY26: ₹13.73 (Basic and Diluted)
  • H1 FY26: ₹33.27

Segment-wise Performance:

The company operates in a single reportable segment - selling and distribution of natural gas, as per Ind AS 108.

Sales Volumes (SCM Million):

Q2 FY26 vs Q1 FY26:

  • CNG: 326.82 vs 318.09 (2.74% increase)
  • PNG Domestic: 58.80 vs 56.67 (3.75% increase)
  • PNG Industry/Commercial: 64.40 vs 58.94 (9.26% increase)
  • PNG Total: 123.20 vs 115.61 (6.56% increase)
  • Total Volumes: 450.02 vs 433.71 (3.76% increase)

H1 FY26 vs H1 FY25:

  • CNG: 644.92 vs 589.30 (9.44% increase)
  • PNG Domestic: 115.47 vs 105.48 (9.47% increase)
  • PNG Industry/Commercial: 123.34 vs 133.09 (7.32% decrease)
  • PNG Total: 238.81 vs 238.57 (0.10% increase)
  • Total Volumes: 883.73 vs 827.87 (6.75% increase)

Net Revenue Breakdown (₹ Crore):

Q2 FY26:

  • CNG (Net of Excise Duty): ₹1,716.88
  • PNG: ₹808.22
  • LNG: ₹1.16
  • Traded Items: ₹4.10
  • Total Sales: ₹2,530.36
  • Other Operating Income: ₹6.72
  • Total Net Revenue: ₹2,537.08

EBITDA before Exceptional Items:

  • Q2 FY26: ₹304.76 (11.14% decrease QoQ from ₹342.98 in Q1 FY26)
  • EBITDA Margin: 12.01% of Net Revenue (vs 14.46% in Q1 FY26)

Corporate Actions:

Dividend: Not declared in this period

Share Split/Bonus/Buyback: None announced

Other Significant Information:

Investments:

  • Investment in 3EV Industries Private Limited: ₹84.46 crore total investment (CCPS: ₹82.95 crore, Equity: ₹0.05 crore, OCD: ₹1.46 crore)
  • Exceptional Item: Recognized impairment loss of ₹17.33 crore on investment in 3EV Industries during the quarter
  • Investment in FPEL Reliant Energy Private Limited: ₹3.89 crore for 26% equity stake as 'captive user'

Capex: Significant capital work-in-progress of ₹1,438.40 crore (Standalone) and ₹1,453.38 crore (Consolidated) as of September 30, 2026

Entities in Consolidation:

  • Subsidiary: Mahanagar LNG Private Limited
  • Associates: International Battery Company India Private Limited (from February 03, 2025), 3EV Industries Private Limited (from February 04, 2025)