Gagan Gases Limited announced its unaudited financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The company's board of directors approved these results during a meeting held on January 28, 2026, which commenced at 2:00 PM and concluded at 2:40 PM.

Q3FY26 Financial Performance

The company reported mixed results for the quarter, showing recovery from the previous quarter's loss while experiencing year-on-year decline. Net profit for Q3FY26 stood at ₹8.07 lacs, marking a significant sequential improvement from the loss of ₹0.60 lacs recorded in Q2FY26, though this represented a 10.6% decline from ₹9.03 lacs achieved in Q3FY25.

Operational Expenses Analysis

The company's expense management showed varying trends across different categories. Cost of materials consumed decreased to ₹138.94 lacs in Q3FY26 from ₹156.48 lacs in Q3FY25, representing an 11.2% reduction. Employee benefit expenses increased significantly to ₹11.72 lacs from ₹9.42 lacs in the corresponding previous quarter, marking a 24.4% rise.

Nine-Month Performance Overview

The nine-month period ending December 31, 2025, revealed challenging operational conditions for the company. Total revenue from operations declined to ₹421.51 lacs from ₹463.25 lacs in the corresponding nine-month period of the previous year, representing a 9.0% decrease. Net profit for the nine-month period dropped dramatically to ₹0.62 lacs from ₹15.44 lacs in the same period last year.

Tax and Other Financial Details

The company reported no current tax expense for Q3FY26, compared to ₹1.00 lac in Q3FY25. Other income remained minimal at ₹0.00 lacs for the quarter. The paid-up equity share capital remained unchanged at ₹451.85 lacs with a face value of ₹10 per share. Both basic and diluted earnings per share stood at ₹0.18 for Q3FY26.

Regulatory Compliance and Audit

The unaudited financial results were reviewed by the company's audit committee and received approval from the board of directors on January 28, 2026. The results underwent limited review by the statutory auditors, Dilip K. Neema and Associates, Chartered Accountants. The company prepared these results following the procedures outlined in Indian Accounting Standard 34 for interim financial reporting.

Gagan Gases Limited , a company listed on the Bombay Stock Exchange (BSE: 524624), has released its unaudited financial results for the quarter ended September 30, 2025. The company reported a mixed financial performance, with revenue growth accompanied by a shift to net loss.

Financial Highlights

Quarterly Performance

Gagan Gases experienced a notable increase in its revenue from operations, which rose to ₹164.67 lacs in the quarter ended September 30, 2025, up from ₹142.89 lacs in the corresponding quarter of the previous year. This represents a year-over-year growth of approximately 15.24%.

However, despite the revenue growth, the company reported a net loss of ₹0.60 lacs for the quarter, contrasting with a profit of ₹8.13 lacs in the same period last year. This shift from profit to loss indicates potential challenges in maintaining profitability despite increased sales.

Cost Pressures

A significant factor contributing to the profit decline appears to be the increased cost of materials consumed. This expense rose to ₹138.88 lacs in the current quarter from ₹119.99 lacs in the previous year, an increase of about 15.74%. The rise in material costs, closely matching the revenue growth rate, suggests potential pressure on the company's margins.

Half-Year Results

For the half-year period, Gagan Gases reported a loss of ₹7.45 lacs, compared to a profit of ₹6.90 lacs in the previous corresponding period. The half-year revenue declined to ₹250.56 lacs from ₹276.98 lacs, indicating a challenging first half of the fiscal year.

Corporate Governance

The Board of Directors of Gagan Gases Limited approved these unaudited financial results at their meeting held on November 8, 2025. The meeting commenced at 2:00 PM and concluded at 2:45 PM, as disclosed in the company's filing to the BSE.

Auditor's Review

M/S Dilip K Neema & Associates, Chartered Accountants (Firm Registration Number: 005279C), the statutory auditors of the company, have issued an unmodified opinion on the unaudited financial results for the quarter ended September 30, 2025. This indicates that the auditors found no material misstatements or significant issues in the financial reporting.

The company's management has prepared the financial statements in accordance with the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34) and other accounting principles generally accepted in India.