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Gujarat Energy Ltd

Q4 FY26Gas

Gujarat Energy Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹263
Market cap₹25.6K Cr
P/E14.4
Updated23 Aug 2026
Read4 min read

The short version

Gas trading business is expected to see good growth, with volumes currently around 10-12 mmscmd and anticipated to grow by 25%-30% by 2030-31. Gas trading business expects 25%-30% volume growth by FY 2030-31, with trading EBITDA around INR1,100 crores annually after adjusting for one-offs (Page 15, 23).

From Gujarat Energy Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Gas trading business is expected to see good growth, with volumes currently around 10-12 mmscmd and anticipated to grow by 25%-30% by 2030-31.
  • CGD (City Gas Distribution) volumes are expected to spike significantly due to increased demand from Morbi region, with Morbi volumes currently close to 8 mmscmd and potential to rise to 8.8-9 mmscmd.
  • Sustainable volumes in Morbi are expected to remain strong in the short to medium term, given propane supply constraints.
  • CGD business margin guidance is INR 5 to INR 6.5 per SCM, indicating stable revenue prospects.
  • Management is targeting maintaining or optimizing margins in gas trading, with efforts to optimize intersegment pricing between trading and CGD businesses.
  • Exploration & Production (E&P) business making operational profits with 6.71 million mmboe reserves; growth details not quantified but ongoing.

Profitability & Margins

See what Gujarat Energy Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex guidance for City Gas Distribution (CGD) business is approximately INR 1,000 crores.
  • Exploration & Production (E&P) business capex is about INR 100 crores, mainly for drilling a few wells.
  • No capex planned for the gas trading segment.
  • The company is actively exploring strategic investments related to propane business infrastructure, including import jetty and storage tanks near Morbi.
  • Discussions are ongoing with port authorities in Gujarat to set up infrastructure for propane import and storage to support propane business.
  • The company has appointed McKinsey to help formulate strategic plans for utilizing the cash reserves, with updates expected in the next or subsequent quarter.

Top-ranked in Gas

Ranked on what management guided this quarter

5x potential
1Aegis Logistics
Rev 2Mar 3
2IRM Energy
Rev 2Mar 3
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Gujarat Energy Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript pages from Gujarat Energy Limited do not contain explicit information regarding the company's current or expected order book or pending orders. The discussion primarily focuses on: - Gas trading volumes and margins. - City Gas Distribution (CGD) business volume growth, especially in Morbi. - Long-term LNG contracts signed for stable pricing. - Investment details in LNG infrastructure. - Tax loss utilization and financial metrics. - Capex guidance for CGD and trading segments. - Pricing and competition with propane in Morbi region. No direct mention or data about order book or pending orders is available up to page 22. For specific order book details, further documents or reports may need to be consulted.

Gujarat Energy Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.7K Cr, net profit ₹267 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Gujarat Energy's management said in earlier quarters

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  • Adani Total Gas (Q4 FY26)

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  • Mahanagar Gas (Q4 FY26)

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Frequently Asked Questions

What were Gujarat Energy Ltd Q4 FY26 results?

Gas trading business is expected to see good growth, with volumes currently around 10-12 mmscmd and anticipated to grow by 25%-30% by 2030-31. Gas trading business expects 25%-30% volume growth by FY 2030-31, with trading EBITDA around INR1,100 crores annually after adjusting for one-offs (Page 15, 23).

What is Gujarat Energy Ltd share price analysis?

Gujarat Energy Ltd currently shows a neutral. The stock trades at a P/E of 14.4 with a market cap of ₹25,571 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gujarat Energy Ltd planning capital expenditure?

Capex guidance for City Gas Distribution (CGD) business is approximately INR 1,000 crores.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.