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The PAT stood at Rs 327 crore, compared to Rs 330 crore in the same quarter last year, indicating a stable financial performance despite macroeconomic headwinds.
The company’s revenue from operations for the quarter came in at Rs 4,065 crore, lower than Rs 4,615 crore reported in Q1 FY25.
However, EBITDA showed resilience, rising to Rs 579 crore, up from Rs 574 crore in Q1 FY25 and up 11% sequentially from Rs 524 crore in Q4 FY25.
One of the key highlights for the quarter was Gujarat Gas achieving its highest-ever CNG sales volume at 3.33 mmscmd, surpassing the 3.22 mmscmd recorded in the previous quarter.
This growth was backed by a strong retail network of 830 CNG stations and a 12% YoY rise in CNG volumes. Total gas sales volumes for Q1 FY26 stood at 8.88 mmscmd, led by industrial demand (4.71 mmscmd) followed by CNG, PNG – domestic (0.69 mmscmd), and PNG – commercial (0.14 mmscmd).The company added over 35,000 new domestic customers during the quarter and now services over 23 lakh households. Gujarat Gas is also accelerating its growth push through the FDODO model, having signed approximately 69 agreements with dealers to expand its distribution capabilities.On Tuesday, the shares of Gujarat Gas closed flat at Rs 422.85 on the BSE.
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