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.

Gagan Gases Limited has announced a significant change in its leadership team. The company has appointed Mr. Balwinder Singh Rana as its new Chief Financial Officer (CFO), effective October 14, 2021. This decision marks an important step in strengthening the company's financial management.

Board Meeting and Appointment Details

The appointment was finalized during a Board of Directors meeting held on October 14, 2021. The meeting took place at 2:00 PM at the company's registered office, highlighting the formal nature of this significant decision. Mr. Rana has provided his consent for the appointment, signaling his readiness to take on the responsibilities of the CFO role.

About Gagan Gases Limited

Gagan Gases Limited is a company registered in Madhya Pradesh, India. It operates in the gases sector, though specific details about its products or services were not provided in the announcement.

Implications of the Appointment

The appointment of a new CFO is often a significant event for any company. As Chief Financial Officer, Mr. Balwinder Singh Rana will likely play a crucial role in:

• Overseeing the company's financial operations
• Managing financial risks
• Financial planning and record-keeping
• Reporting financial performance to the board

This change in financial leadership may signal Gagan Gases Limited's commitment to strengthening its financial management and potentially preparing for future growth or strategic changes.