Gujarat Gas reports strong Q2 amid restructuring

Gujarat Gas Limited reported a 13% year-on-year increase in CNG volume to 3.32 mmscmd in Q2 FY26. PNG (domestic) volume rose by 10% to 0.83 mmscmd, and PNG (commercial) by 7% to 0.16 mmscmd. Revenue from operations reached ₹3,979 crore, with profit after tax (PAT) at ₹281 crore for the quarter. The company added over 42,400 new domestic customers, expanding its network to more than 23.44 lakh households.

The board of directors approved the un-audited standalone and consolidated financial results on November 10, 2025. This follows shareholder approval of a composite scheme of amalgamation and arrangement on October 17, 2025. The scheme involves the amalgamation of GSPC, GSPL, and GEL into GGL, followed by the demerger of the gas transmission business undertaking into GSPL Transmission Limited (GTL).

The scheme, subject to regulatory approvals, will result in GGL shareholders receiving 1 equity share of GTL (FV₹10) for every 3 equity shares of GGL (FV₹2). The company has also commissioned its first fully dealer owned dealer operated (FDODO) CNG station in Jamnagar and executed approximately 74 such agreements to accelerate growth, reinforcing its commitment to green energy and expanding its footprint across India.