Gujarat Energy revises FY26 segment reporting to PBT
Gujarat Energy Limited revised its segment-wise financial details for FY26 to report Profit Before Tax instead of Profit After Tax, confirming no change in financial figures. The standalone net profit for FY26 was ₹2,299 crore, down from ₹4,204.02 crore in the previous year, with revenue at ₹24,198 crore. The Board recommended a final dividend of ₹8.90 per share.

*this image is generated using AI for illustrative purposes only.
Gujarat Energy Limited revised its Statement of Standalone and Consolidated Segment-wise Financial Details for the financial year ended March 31, 2026. The company clarified that figures pertaining to Profit After Tax (PAT) were inadvertently disclosed in the segment-wise details instead of the required Profit Before Tax (PBT) figures. Consequently, the revised financial results have been submitted incorporating the PBT figures. The company emphasized that there is no change in the financial figures, financial results, disclosures, or any other information previously submitted to the stock exchanges on May 30, 2026, or published in newspapers. The revision pertains solely to the disclosure of PBT figures in the segment-wise details.
Financial Performance
The company's standalone net profit for FY26 was ₹2,299 crore, a decrease from the restated net profit of ₹4,204.02 crore in the previous year. Revenue from operations for FY26 stood at ₹24,198 crore, compared to the restated ₹27,717.65 crore in FY25. For the quarter ended March 31, 2026, the standalone net profit was ₹520.58 crore, while revenue from operations was ₹5,976 crore. Q4 EBITDA was ₹943 crore, with an EBITDA margin of 13.10%. The statutory auditors, M/s. Ashok Chhajed & Associates, issued an unmodified opinion on the audited financial results.
The following table summarises the key annual financial metrics:
| Metric: | FY26 (₹ in crore) | FY25 Restated (₹ in crore) |
|---|---|---|
| Revenue from Operations: | 24,198.00 | 27,717.65 |
| Total Income: | 24,818.89 | 28,317.09 |
| Total Expenses: | 21,664.02 | 25,222.54 |
| Net Profit (Continuing): | 2,298.55 | 3,481.98 |
| Net Profit (Total): | 2,298.55 | 4,204.02 |
Operational Highlights
Gujarat Energy Limited achieved its highest ever CNG volume of 3.60 mmscmd in Q4 FY26, a 12% increase from 3.22 mmscmd in Q4 FY25. The company operates 839 CNG stations and added 7 new stations in Q4 FY26. In the PNG segment, the company added 35,400+ new domestic customers in Q4 FY26, serving over 24.18 lakh households. Total pipeline network spans ~45,250+ km across 6 states and 1 Union Territory, with an investment of ₹561 crore in CGD infrastructure during the year.
Board Decisions and Corporate Actions
The Board of Directors, at its meeting held on May 30, 2026, approved the audited standalone and consolidated financial results and recommended a final dividend of ₹8.90 per equity share of ₹2 each, aggregating to ₹835.03 crore, subject to shareholder approval at the Annual General Meeting. The Board also approved the re-appointment of four Independent Directors—Prof. Yogesh Singh, Shri Bhadresh Mehta, Shri Balwant Singh (IAS Retd.), and Dr. Rekha Jain—for a second term of three years. Additionally, the Board approved changes in senior management personnel and a change in the registered office address to "Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector-H, Gandhinagar, Gujarat - 382010".
Pursuant to the Composite Scheme of Amalgamation and Arrangement, the Board had previously approved the allotment of 62,27,14,719 equity shares to eligible shareholders of Gujarat State Petroleum Corporation Limited (GSPC) and Gujarat State Petronet Limited (GSPL) as of the record date of May 12, 2026. The Ministry of Corporate Affairs sanctioned the scheme with an effective date of May 01, 2026.
Historical Stock Returns for Gujarat Gas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.81% | +3.09% | +6.50% | +1.38% | -16.26% | -40.97% |
How will the merger synergies with GSPC and GSPL impact operational efficiency and cost structures in the coming fiscal year?
What strategies will the company employ to reverse the decline in revenue and net profit observed in FY26?
With CNG volumes at record highs, what are the growth projections for PNG infrastructure expansion to balance the segment mix?


































