Gujarat Gas Limited has informed the Exchange about Transcript
GUJGASLTD · price
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Gujarat Gas filed the transcript of its Q4 FY25 earnings call. For the full year, volumes grew 3% to 9.62 mmscmd, EBITDA rose to INR 2,090 crores (from INR 1,984 crores) and PAT was nearly flat at INR 1,146 crores. Q4 was softer, with EBITDA at INR 524 crores (vs INR 622 crores YoY) and PAT at INR 287 crores (vs INR 410 crores YoY), as industrial volumes in Morbi fell to 2.87 mmscmd from 3.35 mmscmd due to a price-driven shift to propane. CNG remained a bright spot with 12% overall volume growth and the vehicle base rising 18% to 15.4 lakh. Management maintained its EBITDA/scm guidance of INR 4.5–5.5, guided to 12% CNG growth, capex of ~INR 1,000 crores for FY26, and declared a dividend of INR 5.82 per share. The GSPC merger scheme is with the MCA, with completion expected by September/October 2025.
The transcript itself is a procedural disclosure and unlikely to move the stock, but the underlying commentary highlights margin pressure from falling APM allocation, a strong CNG growth runway, and industrial volume softness in Morbi. Investors should watch the September/October MCA approval timeline and the FY26 capex execution, as both could be near-term catalysts.