Gujarat Gas Limited — Investor Meet, 28-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Gujarat Gas reported Q3 FY26 revenue of INR3,865 Cr, PAT INR266 Cr, and EBITDA INR502 Cr (margin ₹6.5/SCM). Full-year capex targets INR650-700 Cr. CNG volumes jumped 11% YoY, with 14% growth in vehicle base; the company aims for 1,000+ stations in 2-3 years. Morbi industrial volumes dipped 10% QoQ due to propane competition, prompting a INR4.50/SCM price cut, with volumes expected to recover to 3-3.2 MMSCMD. Non-Morbi volumes grew 1% QoQ. GGL is boosting long-term gas sourcing and exploring new growth via McKinsey. Management sees a strong Q4.