Gujarat Energy Limited announced robust financial performance for the second quarter of FY27, with revenue from operations surging by 59% year-on-year to INR9,826 crores. EBITDA saw a significant increase of 20%, reaching INR1,019 crores, while Profit After Tax (PAT) grew by 22% to INR639 crores. The company highlighted its integrated business model and strategic initiatives for future growth, including expansion in cleaner energy opportunities and strengthening its CGD infrastructure.
Gujarat Energy Reports Strong Q2 FY27 Performance
Gujarat Energy Limited (GEL) has announced its financial results for the second quarter and first half of the financial year 2027 (Q2 FY27 and H1 FY27). The company demonstrated significant year-on-year growth across key financial metrics, underscoring the resilience and effectiveness of its integrated business model.
Financial Highlights for Q2 FY27
- Revenue from operations increased by 59% year-on-year to INR9,826 crores.
- EBITDA grew by 20% to INR1,019 crores.
- Profit After Tax (PAT) increased by 22% to INR639 crores.
First Half FY27 Performance
- Revenue from operations rose by 61% year-on-year to INR19,496 crores.
- EBITDA saw a substantial increase of 43% to INR2,502 crores.
- PAT grew by 51% to INR1,637 crores.
Capital Expenditure and Growth Strategy
The company incurred a capital expenditure of INR181 crores during Q2 FY27, bringing the total capex for H1 FY27 to INR308 crores. GEL reiterates its FY27 capex guidance of approximately INR1,000 crores, focusing on strengthening its CGD infrastructure and supporting future volume growth. GEL is actively pursuing opportunities in cleaner energy, including entering the compressed biogas ecosystem and exploring the development of LNG stations. The company is also strengthening its long-term LNG sourcing agreements and expanding its CNG network.
Business Segment Performance
In the City Gas Distribution (CGD) segment, total volumes grew by 24% year-on-year to 10.7 MMSCMD in Q2 FY27. Industrial PNG volumes increased by 39% year-on-year to 6.1 MMSCMD. CNG volumes saw an 11% increase year-on-year to 3.67 MMSCMD in Q2 FY27. The gas trading business revenue increased by 84% year-on-year to INR7,615 crores in Q2 FY27. EBITDA for the trading business increased by 89% year-on-year to INR329 crores.
Awards and Recognition
GEL was recognized for its achievements, winning the Special Jury Award for Top Target Achiever Geographic Area (Narmada District GA) and the award for Best Performing GA during PNG Drive 2.0 (Bathinda District GA). The company also received the Golden Peacock Award for Risk Management for the year 2026.
Outlook
The company remains confident in its integrated business model and is focused on strengthening long-term gas sourcing, sustaining CNG growth, deepening PNG penetration, and prudently deploying capital. GEL anticipates continued healthy volume growth and strategic expansion in the coming periods.
Source: BSE
