Gujarat Gas Limited has informed the Exchange that Board of Directors at its meeting held on May 30, 2026, recommended Final Dividend of Rs. 8.90 per equity share.
GUJGASLTD · price
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Gujarat Energy Limited (formerly Gujarat Gas Limited) reported FY26 standalone revenue of Rs. 24,198 crore, down from Rs. 27,717.65 crore in FY25. Profit after tax from continuing operations fell to Rs. 2,298.55 crore from Rs. 3,481.98 crore in the prior year. The company completed a major amalgamation of GSPC, GSPL, and GSPC Energy with itself (effective May 1, 2026), changed its name to Gujarat Energy Limited, and demerged its Gas Transmission Business to GSPL Transmission Limited. Previous period figures have been restated due to these structural changes. The Board recommended a final dividend of Rs. 8.90 per equity share (face value Rs. 2 each), aggregating Rs. 835.03 crore, subject to shareholder approval.
The 12.7% revenue decline and 34% PAT decline reflect both business performance and the impact of the amalgamation restructuring. The company maintains dividend payouts despite lower profits, which may be viewed positively by income-focused investors. However, the restatement of prior year numbers and ongoing contingent liabilities (Rs. 1,688.66 crore tax disputes, Rs. 1,200 crore Vedanta claim) may create uncertainty.