The Board of Directors of The Southern Gas Limited held its 03/2026-27 Meeting on Tuesday, November 3, 2026, at 4:00 p.m. (IST). The meeting concluded at 6:20 p.m. Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board considered and approved the following items:
1. Financial Results Approval
The Board approved the Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026. The financial results were submitted along with the Limited Review Report issued by the statutory auditors of the Company, M. R. Hegde & Associates.
2. CFO Appointment
The Board appointed Ms. Kavita Yogesh Wagle as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from November 03, 2026.
Financial Performance Details (Rs. in lakhs, except EPS)
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Total Income: ₹1,043.84 lakh (vs ₹961.17 lakh in Q2 FY25)
- Profit Before Tax: ₹67.20 lakh (vs ₹103.88 lakh in Q2 FY25)
- Net Profit: ₹74.12 lakh (vs ₹95.95 lakh in Q2 FY25)
- Earnings Per Share (Basic & Diluted): ₹331.95 (vs ₹414.12 in Q2 FY25)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Total Income: ₹2,101.47 lakh (vs ₹1,862.77 lakh in H1 FY25)
- Profit Before Tax: ₹172.33 lakh (vs ₹169.05 lakh in H1 FY25)
- Net Profit: ₹149.87 lakh (vs ₹136.27 lakh in H1 FY25)
- Earnings Per Share (Basic & Diluted): ₹694.07 (vs ₹623.58 in H1 FY25)
Income Breakdown for Q2 FY27
- Sale of Products (Net of GST): ₹794.67 lakh
- Other Operating Revenue: ₹222.35 lakh
- Other Income: ₹26.82 lakh
Expense Breakdown for Q2 FY27
- Cost of Materials Consumed: ₹408.46 lakh
- Purchase of Stock-in-Trade: ₹85.40 lakh
- Employee Benefits Expense: ₹199.54 lakh
- Depreciation/Amortization: ₹39.56 lakh
- Other Expenses: ₹240.70 lakh
Tax Expense for Q2 FY27
- Current Tax: ₹15.63 lakh
- Deferred Tax: (₹22.55) lakh
Balance Sheet Position as at September 30, 2026 (Unaudited)
- Total Assets: ₹3,786.28 lakh (vs ₹3,665.55 lakh as at March 31, 2026)
- Property, Plant and Equipment: ₹1,135.10 lakh
- Inventories: ₹179.33 lakh
- Trade Receivables: ₹536.87 lakh
- Cash and Cash Equivalents: ₹172.13 lakh
- Total Equity: ₹2,852.61 lakh
- Paid-up Equity Share Capital: ₹22.50 lakh (Face value ₹100 per share)
Cash Flow Statement for H1 FY27
- Net Cash from Operating Activities: ₹92.25 lakh
- Net Cash used in Investing Activities: (₹29.35) lakh
- Net Cash used in Financing Activities: (₹0.98) lakh
- Net Increase in Cash Equivalents: ₹61.92 lakh
New CFO Appointment Details
- Name: Ms. Kavita Yogesh Wagle
- Position: Chief Financial Officer (CFO) & Key Managerial Personnel (KMP)
- Effective Date: November 03, 2026
- Qualifications: Master of Commerce (M.Com.)
- Experience: Strong background in finance, accounting, financial functions, MIS preparation, tax compliance, and audit support. Proficient in Tally ERP and Microsoft Excel with analytical and problem-solving abilities.
Auditor's Review Report
M. R. Hegde & Associates, Chartered Accountants (Firm Regn. No.: 122538W), issued an unmodified limited review report on the unaudited financial results. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410. The auditors concluded that nothing came to their attention that causes them to believe that the financial results were not prepared in all material respects in accordance with Indian Accounting Standards (Ind-AS).
Additional Information
The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and Ind AS 34 'Interim Financial Reporting'. The company is engaged in the manufacturing and trading of gases in the domestic market, constituting a single reportable segment. The figures for the corresponding previous period have been restated/regrouped wherever necessary to conform to the current period classification.
The unaudited financial results and limited review report are available on the BSE website (www.bseindia.com) and the company's website (www.southerngasindia.com).