Gujarat Gas Limited (GGL) announced its Q3 FY26 performance, achieving record CNG volumes of 3.45 mmscmd. The company reported a revenue from operations of ₹3,865 Crore and an EBITDA of ₹502 Crore. GGL also commissioned its first FDODO station in Jamnagar and executed approximately 78 CNG FDODO agreements, expanding its footprint in the CNG business.
Financial Performance in Q3 FY26
Gujarat Gas Limited reported a revenue from operations of ₹3,865 Crore for Q3 FY26. The company’s EBITDA stood at ₹502 Crore, with a Profit Before Tax of ₹358 Crore and a Profit After Tax of ₹266 Crore. These results reflect a strong operational performance and effective management strategies despite a fluctuating market environment.
Operational Highlights
The company achieved its highest-ever CNG volumes at 3.45 mmscmd in Q3 FY26, showcasing a robust annual growth of 11%. This growth is attributed to strategic investments in CNG station infrastructure and aggressive promotion of the FDODO model. GGL commissioned its first FDODO station in Jamnagar district during Q2 FY26 and executed approximately 78 CNG FDODO agreements. Total Volume stood at 8.37 MMSCMD
Expansion and Infrastructure
Gujarat Gas continues to expand its infrastructure and reach. The company’s commitment to the FDODO model aims to accelerate growth and improve accessibility to CNG across its operational areas. These initiatives are part of GGL’s broader strategy to enhance its presence in the CNG business and cater to the increasing demand for cleaner fuels.
Corporate Updates
The Equity Shareholders approved the Composite Scheme of Amalgamation and Arrangement. The company has filed the Chairman’s Report and Confirmation petition with the Hon’ble Ministry of Corporate Affairs.
Sustained Credit Rating
Gujarat Gas maintains a strong credit rating of AAA Stable/A1+ from CARE, India Ratings, and CRISIL, reflecting its stable financial position and reliable operational performance.
9 Months Performance
The company reported Revenue from Operations of ₹11,909 Crore, EBITDA of ₹1,602 Crore, Profit Before Tax of ₹1,176 Crore and Profit After Tax of ₹873 Crore.
Source: BSE
