EBITDA increases 19.5% year-on-year; company approves long-term LNG sourcing agreements for 0.8 MTPA
Gandhinagar: Gujarat Energy Limited (BSE: 539336; NSE: GUJENERGY) reported a 59.4% year-on-year increase in revenue from operations to ₹9,826.08 crore in Q2 FY27, compared with ₹6,164.86 crore in the corresponding quarter last year. EBITDA increased 19.5% to ₹1,019.40 crore, while profit after tax (PAT) grew 21.8% to ₹639.27 crore.
For H1 FY27, revenue rose 61.3% to ₹19,496.34 crore, EBITDA increased 43.1% to ₹2,501.57 crore and PAT grew 50.8% to ₹1,637.24 crore. The company’s board approved long-term LNG sourcing agreements with international suppliers for approximately 0.8 million tonnes per annum (MTPA), for a tenure of up to 10 years, linked to Henry Hub pricing. It also approved a firm regasification agreement for LNG cargo slots at GSPC LNG Limited’s Mundra terminal.
Operationally, CGD volumes increased approximately 24% year-on-year to 10.7 MMSCMD in Q2 FY27. The company added 13 CNG stations during the quarter, taking its network to 857 stations. It also added around 49,000 domestic PNG customers. Gujarat Energy incurred capital expenditure of approximately ₹181 crore during the quarter and reiterated its FY27 capex guidance of ₹1,000 crore.
The company is also exploring new opportunities in LNG stations for long-haul transport and compressed biogas (CBG) plants with a proposed combined capacity of 200 tonnes per day. Gujarat Energy Limited, formerly Gujarat Gas Limited, operates a gas pipeline network exceeding 46,690 km and serves more than 25.3 lakh households across six states and one Union Territory.