Gujarat Gas Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
GUJGASLTD · price
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Gujarat Energy Limited (formerly Gujarat Gas Limited) reported FY2026 standalone revenue of ₹24,198 Crores, down from ₹27,718 Crores in FY2025 (restated) due to the demerger of Gas Transmission Business and reduced gas trading volumes. Profit after tax from continuing operations stood at ₹2,299 Crores versus ₹3,482 Crores in FY2025 (restated), a decline of about 34%. The company completed a major amalgamation of GSPC, GSPL and GEL into Gujarat Gas (now Gujarat Energy) effective May 1, 2026, with the appointed date of April 1, 2024. The Gas Transmission Business was demerged into GSPL Transmission Limited effective April 1, 2025. The Board recommended a dividend of ₹8.90 per equity share (aggregating ₹835 Crores). Statutory auditors issued an unmodified opinion with multiple emphasis of matter paragraphs regarding the scheme accounting, JODPL cash calls provision of ₹527 Crores, and contingent liabilities of ₹2,889 Crores (including disputed income tax of ₹1,689 Crores and Vedanta arbitration claim of ₹1,200 Crores).
The revenue and PAT decline reflect the impact of the Gas Transmission demerger and lower commodity prices, while the large exceptional items and contingent liabilities create uncertainty. The amalgamation brings operational complexity but consolidates state energy assets.