Gujarat Gas Ltd

Gujarat Gas Q3 FY26: Revenue at ₹3,865 Cr, Capex Plan & Volume Recovery Ahead 📊

- Q3 FY26 revenue: ₹3,865 crores

- EBITDA: ₹502 crores; PAT: ₹266 crores

- CNG sales grew 11% year-over-year

- CNG vehicle base reached 16.94 lakh, up 14% from previous year

- Industrial sales volume: 3.93 MMSCMD

- Morbi volumes declined to 1.66 MMSCMD due to lower propane prices

- Non-Morbi volumes grew 1% to 2.25 MMSCMD

- Industrial gas prices in Morbi reduced by ₹4.50 per SCM, narrowing premium over propane to ₹2.40 per SCM

- Morbi volumes expected to recover to 3–3.2 MMSCMD in February and March 2026

- Capex for FY26 projected at ₹650–700 crores

- Pipeline network spans 44,540 km

- Engaged McKinsey & Company for strategic growth evaluation