Gujarat Gas CNG sales jump 12%, enters propane market
Gujarat Gas Limited reported Q1 FY '26 revenues of INR 4,065 crores, down from INR 4,615 crores year-over-year, with profit after tax at INR 327 crores.
Despite a 6% decrease in industrial sales to 4.71 MMSCMD, driven by shifts to propane in Morbi due to price differentials, CNG sales surged 12% to a record 3.72 MMSCMD. The domestic customer base expanded to over 23.02 lakh.
The company announced its entry into propane sourcing and distribution to industrial customers, targeting 25% market share without additional capital expenditure.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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