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Informist, Tuesday, Aug. 11, 2026

 

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--Gujarat Energy Apr-Jun net profit INR 9.98 bln
--Analysts saw Gujarat Energy Apr-Jun net profit at INR 7.47 bln
--Gujarat Energy Apr-Jun revenue INR 96.70 bln
--Analysts saw Gujarat Energy Apr-Jun revenue at INR 96.07 bln
--Gujarat Energy Apr-Jun net profit INR 9.98 bln vs INR 5.61 bln year ago
--Gujarat Energy Apr-Jun revenue INR 96.70 bln vs INR 59.24 bln year ago
--Gujarat Energy Q1 city gas distribution sales INR 77.3 bln vs INR 40.7 bln
 

 

By Somen Bose

 

MUMBAI – Gujarat Energy Ltd. reported strong growth in net profit for the June quarter, beating Street's estimates by a wide margin. The growth in net profit was supported by a significant rise in revenue from operations. 

 

The company's standalone net profit for the June quarter rose 78% on year to INR 9.98 billion from INR 5.61 billion in the year-ago quarter, beating analysts' expectations of INR 7.47 billion.

 

Gujarat Energy's revenue from operations rose 63% on year at INR 96.70 billion during the quarter. The company's top line was largely in line with the analysts' estimates at INR 96.07 billion. The company's revenue from city gas distribution rose 90% on year to INR 77.3 billion.

 

The company's total expenses for the June quarter increased 61% on year to INR 85.26 billion. The increase in total expenses was largely driven by the cost of materials consumed, which increased 58% on year to INR 73.47 billion. Other expenses rose to INR 3.42 billion, up 10% on year.

 

The company's name was changed to Gujarat Energy Ltd. from Gujarat Gas Ltd. on May 14. The company has restated the comparative figures for the quarter to give effect to its merger with Gujarat State Petroleum Corp. Ltd., Gujarat State Petronet Ltd., and GSPC Energy Ltd. The restatement has been made from Apr. 1, 2024. The company had reported net profit of INR 3.27 billion and revenue of INR 38.71 billion in the year-ago quarter before the restatement. 

 

Tuesday, shares of Gujarat Energy ended at INR 274.40 on the National Stock Exchange, up 3.4% from the previous close. The company announced its June quarter earnings after market hours. End

 

Edited by Saji George Titus

 

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