Gujarat Energy Q2 FY27 Revenue Surges 59% to ₹9,826 Crore; PAT Up 21.8%
Gujarat Energy Limited reported a 59.4% YoY revenue growth to ₹9,826 crore in Q2 FY27. PAT increased by 21.8% to ₹639 crore. The company secured long-term LNG sourcing agreements and approved a Regasification Agreement. Capex for HI FY27 was ₹308 crore, with full-year guidance at ₹1,000 crore.
The significant revenue growth, improved profitability, and strategic LNG sourcing agreements are material positive developments that are likely to have a substantial impact on the company's future performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with strategic long-term agreements and operational expansion, indicating positive financial and business performance.
Gujarat Energy Limited (GEL) announced its unaudited financial results for the quarter and half-year ended September 30, 2026 (Q2 & HI FY27), following a Board Meeting held on November 5, 2026. The company reported a significant 59.4% year-on-year increase in revenue from operations for Q2 FY27, reaching ₹9,826.08 crore, compared to ₹6,164.86 crore in the same period last year. EBITDA saw a 19.5% rise to ₹1,019.40 crore, and Profit After Tax (PAT) grew by 21.8% to ₹639.27 crore.
For the half-year ended September 30, 2026, revenue from operations increased by 61.3% to ₹19,496.34 crore, while EBITDA grew by 43.1% to ₹2,501.57 crore, and PAT surged by 50.8% to ₹1,637.24 crore.
Key strategic developments approved by the Board include the execution of long-term LNG sourcing agreements for approximately 0.8 MTPA for up to 10 years, linked to Henry Hub, to ensure reliable supply. Additionally, the Board approved the execution of a Regasification Agreement for LNG Cargo Slots at GSPC LNG Limited's Mundra LNG Terminal.
Operationally, GEL's City Gas Distribution (CGD) volumes increased by 24% YoY to 10.7 MMSCMD in Q2 FY27. The company expanded its MOPE pipeline network to 43,148 km and its steel pipeline network to 3,542 km. Capex incurred in Q2 FY27 was ₹181 crore, with a total capex of ₹308 crore for HI FY27, reiterating the full-year capex guidance of ₹1,000 crore for FY27.
CNG volumes rose by 11% YoY to 3.67 mmscmd in Q2 FY27, with 13 new CNG stations added, bringing the total to 857. The company added approximately 49,000 new domestic PNG customers in Q2 FY27. Management highlighted the secured LNG supply agreements and a strong operational and financial performance driven by business resilience and operational excellence. New business initiatives include inviting franchisee partners for LNG Stations and setting up Compress Biogas (CBG) Plants.
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