Gujarat Gas Limited — Important, 06-08-2025: General Updates

Gujarat Gas reported Q1 FY26 financial results with revenue at ₹4,065 Cr, down YoY, but EBITDA improved QoQ to ₹579 Cr. Operational highlights include achieving the highest-ever CNG volumes of 3.33 MMSCMD, up ~12% year-on-year, driven by infrastructure investments and aggressive FDODO model expansion. The Board approved entry into sourcing and sale of Propane/LPG for industrial customers, diversifying its energy solutions. The company is debt-free with significant cash reserves. A corporate restructuring plan involving mergers and a demerger of the gas transmission business into a new entity is progressing, aiming to consolidate all energy verticals under GGL.