Outcome of Board Meeting
GUJENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Energy Limited (formerly Gujarat Gas Limited) reported audited standalone FY2026 results showing revenue from operations of ₹24,198 crore, down 13% from ₹27,717.65 crore in FY2025 (restated). Profit after tax from continuing operations declined to ₹2,298.55 crore from ₹3,481.98 crore in FY2025, a drop of approximately 34%. Basic EPS for FY2026 stood at ₹24.50 versus ₹37.11 (restated). The Board recommended a final dividend of ₹8.90 per equity share (face value ₹2) aggregating ₹835.03 crore, subject to shareholder approval. Key events include the completion of a Composite Scheme of Amalgamation (GSPC, GSPL, GEL merged with GGL effective 1 May 2026) and demerger of Gas Transmission Business Undertaking to GSPL Transmission Limited effective 1 April 2025, with FY2025 figures restated accordingly. Statutory auditors issued an unmodified opinion with emphasis of matter on the amalgamation, demerger, JODPL cash calls provision, and contingent liabilities.
The 34% PAT decline and 13% revenue drop, along with restated historical numbers due to the amalgamation, may create near-term volatility. However, the company's scale post-merger, positive operating cash flows of ₹2,407.44 crore, and dividend payout signal financial stability despite lower profitability versus the restated prior year.