Gujarat Gas Limited has informed the Exchange regarding Outcome of Board Meeting held on August 05, 2025 - approval to undertake sourcing and sale of Propane/LPG to industrial customers.
GUJGASLTD · price
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Awaiting price reaction for this filing.
Gujarat Gas Limited's board, meeting on August 5, 2025, approved unaudited Q1 FY26 results showing revenue from operations of ₹4,065.41 crore, down ~11.9% YoY from ₹4,614.83 crore. Net profit stood at ₹326.77 crore (standalone) and ₹327.64 crore (consolidated), nearly flat versus last year's ₹329.78 crore and ₹330.71 crore. EPS came in at ₹4.75. The board also approved entering the Propane/LPG business for industrial customers, expanding beyond natural gas. Additionally, K K Patel & Associates was appointed as Secretarial Auditor for 5 years, and Kailash Sankhlecha & Associates as Cost Auditor for FY26. The statutory auditor (Ashok Chhajed & Associates) issued an unmodified review report.
Revenue decline of nearly 12% YoY in Q1 is a concern and may weigh on the stock, though profitability remained stable with margins holding up. The Propane/LPG diversification move signals management's push to become a total energy solutions provider, which could support future growth if execution goes well.