Gujarat Gas announced its Q2 FY26 results, showcasing volume growth across key segments. CNG volumes increased by 13%, while PNG (Domestic) and PNG (Commercial) volumes rose by 10% and 7% respectively. The company is aggressively expanding its FDODO CNG station network, with plans to add more stations soon. Revenue from operations stood at ₹3,979 crore.
Financial and Operational Highlights for Q2 FY26
Gujarat Gas has released its financial results for Q2 FY26 (July-September), revealing growth in key operational areas:
Volume Performance
The company experienced the following volume changes:
- CNG: Volume increased by 13% to 3.32 mmscmd, compared to 2.93 mmscmd in Q2 FY25.
- PNG (Domestic): Volume increased by 10% to 0.83 mmscmd.
- PNG (Commercial): Volume increased by 7% to 0.16 mmscmd.
FDODO CNG Station Expansion
Gujarat Gas is actively expanding its FDODO (Franchisee Owned Dealer Operated) CNG station network. The company has signed approximately 74 FDODO agreements with dealers. One FDODO station became operational in Jamnagar during the quarter, with more stations expected to open soon.
Financial Overview
Key financial figures for Q2 FY26 include:
- Revenue from Operations: ₹3,979 crore, compared to ₹3,949 crore in Q2 FY25.
- EBITDA: ₹520 Crore compared to ₹553 Crore in Q2 FY25.
- PAT: ₹281 Crore compared to ₹307 Crore in Q2 FY25.
Operational Achievements
Gujarat Gas reported these operational achievements:
- The company’s CNG category continues to show strong volume growth.
- Network of 834 CNG Stations. The company added 4 CNG Stations in Q2 FY26.
- The company added over 42,400 new domestic customers.
- Providing natural gas to over 23.44 lakh households.
- Cumulative steel pipeline network of approximately 43,900 Inch Km.
Composite Scheme of Arrangement Approved
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.
Source: BSE
