Gujarat Gas Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Gujarat Gas Q2 FY26 results saw revenue at INR 3,979 Cr, EBITDA at INR 520 Cr, and PAT at INR 281 Cr. EBITDA margin was INR 6.54/SCM, with FY26 guidance of INR 4.5-5.5/SCM. Industrial volumes were 4.34 MMSCMD, impacted by propane competition; Morbi baseline is 1.7-1.8 MMSCMD. CNG volumes surged 13% YoY, reaching a record 3.934 MMSCMD, driven by strong adoption and infrastructure expansion. The company is actively pursuing propane business entry to regain lost customers and negotiating competitive LNG contracts. The GSPC Group scheme of arrangement is on track for MCA approval by Dec 2025, aiming to unlock value.