Gujarat Gas Limited (GGL) announced its Q2 FY26 results, highlighting a total volume of 8.65 MMSCMD. The company is expanding its CNG business with its first FDODO station commissioned in Jamnagar and plans for further infrastructure development. GGL maintains a credit rating of AAA Stable / A1+. The company also reported revenue from operations of ₹3,979 Crore, EBITDA of ₹520 Crore, and a profit after tax of ₹281 Crore for the quarter.
Operational and Financial Highlights
Gujarat Gas Limited (GGL) reported its operational performance for Q2 FY26 with total volume at 8.65 MMSCMD. This includes 4.35 MMSCMD from PNG industrial, 3.32 MMSCMD from CNG, 0.83 MMSCMD from PNG domestic, and 0.16 MMSCMD from PNG commercial. The company’s revenue from operations reached ₹3,979 Crore with an EBITDA of ₹520 Crore and a profit after tax of ₹281 Crore.
Half-Yearly Performance
The company’s half-yearly (H1 FY26) performance shows a total volume of 8.77 MMSCMD, including 4.53 MMSCMD from PNG industrial and 3.33 MMSCMD from CNG. GGL reported revenue from operations of ₹8,044 Crore and profit after tax of ₹608 Crore.
Business Updates and Expansion
GGL is expanding its CNG business with its first FDODO (Fully Dealer Owned Dealer Operated) station commissioned in Jamnagar. As of November 2025, GGL has executed approximately 74 CNG FDODO Agreements. Gujarat Gas continues to have a credit rating of AAA Stable / A1+ from CARE, India Ratings, and CRISIL.
Scheme of Arrangement
The Meeting of Equity Shareholders approved the Composite Scheme of Amalgamation and Arrangement, directed by the Hon’ble Ministry of Corporate Affairs. GGL is expected to complete the scheme by December 2025 with listing by February 2026.
ESG Initiatives
As part of its ESG initiatives, GGL is committed to Green Hydrogen Blending and CBG blending. The company also aims to install around 12 MW of Group Captive Solar plant and planted over 2000 saplings in Q2 FY26. It is also undertaking several Environmental Awareness initiatives and has completed hydrogen blending pilot project with 8% blending.
Source: BSE
