Southern Gas reported a net profit of ₹75.74 lakh for the quarter ended June 30, 2026, reflecting a significant year-on-year expansion of 61% from ₹40.33 lakh recorded in Q1FY26. The Goa-based gas distribution company also posted a 17% rise in total income from operations, which climbed to ₹1,027.43 lakh against ₹876.00 lakh in the corresponding period of the previous fiscal year.

The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 13, 2026. The financial statements have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Financial Performance

Revenue growth was accompanied by an improvement in pre-tax profits. Net profit before tax stood at ₹105.14 lakh for the current quarter, compared to ₹65.16 lakh in Q1FY25. On a sequential basis, the company also showed progress, with net profit before tax rising marginally from ₹102.32 lakh in the quarter ended March 31, 2026.

Earnings per share (basic and diluted) for the quarter were reported at ₹362.12, up from ₹209.47 in the same quarter last year. For the full fiscal year FY26, the company had reported a net profit after tax of ₹270.42 lakh on revenues of ₹3,684.49 lakh.

What the Numbers Show

The divergence between the strong year-on-year growth in net profit (61%) and the more moderate revenue growth (17%) suggests improved operational efficiency or favorable cost dynamics during the period. With no exceptional or extraordinary items disclosed in the results, the profit growth appears to be driven by core operational performance rather than one-off gains.

Shekhar Madhukar Nagwekar has resigned from the position of Chief Financial Officer at Southern Gas Ltd , effective August 14, 2026. The resignation, submitted on July 15, 2026, was attributed to personal reasons and the pursuit of new professional opportunities. Nagwekar will be relieved from his duties at the close of business hours on the effective date.

The company disclosed the development to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that Nagwekar served as a Key Managerial Personnel (KMP) and that his resignation has been accepted by the Board of Directors.

Nagwekar stated there are no material reasons for his departure other than those disclosed and confirmed no other matters require reporting under applicable laws. He pledged full cooperation to ensure a smooth transition and orderly handover of responsibilities to the designated personnel.

Resignation Details