Gujarat Energy Limited, formerly Gujarat Gas, enters its Q4 results following a major corporate restructuring that positions it as India's largest city gas distribution player. Investors will be focused on the company's volume recovery trajectory in the industrial segment and the operational impact of recent R-LNG supply constraints.
| Results date | 2026-05-26 |
|---|---|
| Quarter | Q4 FY 2025-2026 |
| Previous quarter revenue | Rs. 3,865 Crore |
| Previous quarter PAT | Rs. 266 Crore |
| Previous quarter EBITDA margin | 13.0% |
| Market cap | Rs. 25745.78 Cr |
| CMP | Rs. 374.0 |
The board meeting is scheduled for May 26, 2026, to consider the audited financial results and recommend dividend for FY2025-26.
In its most recently reported quarter, Gujarat Gas Limited posted revenue of Rs. 3,865 Crore, PAT of Rs. 266 Crore, and an EBITDA margin of 13.0%. The company's volume performance remains heavily tied to the industrial segment, which saw a 27.9% YoY decline to 3.93 MMSCMD in Q3 due to propane price competition. Management is currently monitoring the recovery of the Morbi ceramic cluster, where gas consumption was projected to reach 6-7 MMSCMD by May 2026 for 675-700 units. Furthermore, the company faces potential headwinds from R-LNG availability constraints following the Middle East war, which led to Force Majeure notices being issued to industrial customers in March 2026.
Performance vs Guidance Tracking
Post-Merger Integration
Morbi Industrial Recovery
Risks and headwinds to monitor
The company will announce its Q4 FY 2025-2026 results on May 26, 2026.
The board meeting on May 26, 2026, includes an agenda item to recommend a dividend for FY 2025-26.
The company reported revenue of Rs. 3,865 Crore for the third quarter of FY 2025-2026.
Management projected that gas consumption in the Morbi ceramic industry would reach 6-7 MMSCMD by May 2026, serving 675-700 units.
The company is tracking toward its FY26 guidance of sub-9 MMSCMD, having reported 8.37 MMSCMD in Q3 FY26.
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