Gujarat Energy Limited Reports Q2 Results; Board Approves Financials and Appoints Cost Auditor

Gujarat Energy Limited Reports Q2 Results; Board Approves Financials and Appoints Cost Auditor​

Gujarat Energy Limited (GEI), which was previously known as Gujarat Gas Limited (GGL), has reported its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved these consolidated and standalone financials at a meeting held on August 11, 2026, and further approved the appointment of Mj s. Kailash Sankhlecha & Associates as the Cost Auditor for Fiscal Year (FY) 2026-27.

The company’s operations span several segments, including Exploration and Production (E&P), Gas Trading, Power generation, and City Gas Distribution. The financial statements detail both standalone and consolidated performance metrics across multiple periods, providing insight into the company's scale and operational activities.

Financial Highlights for Q2 FY26​

The un-audited financial results for the quarter ended June 30, 2026, show strong performance across various income streams.


The results include a detailed breakdown of operational income and expenses. For instance, under consolidated financials, total revenue from operations stood at 9,771.38 Crores, while production expenditure was reported at 20.21 Crores.

Segmental Performance​

The company reports its business through several key segments:

• Standalone Segments: Exploration & Production (E&P), Gas Trading, Power, and City Gas Distribution.
• Consolidated Segments: E&P, Gas Trading, Power, City Gas Distribution, and Regasification Business.

The standalone profitability metrics for the quarter are as follows:

Appointment of Cost Auditor​

The Board meeting confirmed the appointment of Mj s. Kailash Sankhlecha & Associates, a cost accounting firm, to serve as the Cost Auditor of Gujarat Energy Limited for FY 2026-27. Mj s. Kailash Sankhlecha & Associates has reported over 35 years of experience in cost management practices and serves various sectors including Oil & Gas, Pharmaceuticals, Chemicals, and Engineering.

The remuneration payable to the appointed Cost Auditor will be placed before shareholders for ratification at the subsequent Annual General Meeting.

Other Financial Notes​

The company's statements reflect complex operational and regulatory matters, including a dispute concerning disputed Income Tax demands/claims by the Income Tax Authority amounting to approximately 1,686.91 Crores as of June 30, 2026. Additionally, contingent liabilities include a claim of over approximately 1,200 Crores from Vedanta Limited in arbitration proceedings related to natural gas allocation for the company's exploration field.

The financial reports are consistent with Indian Accounting Standards (Ind AS) and comply with relevant regulatory requirements pertaining to interim financial reporting.

GUJENERGY Stock Price Movement​

Today, shares of GUJARAT ENERGY LIMITED edged higher in post-market trading to settle at ₹274.40, marking a strong 3.22% increase for the stock. Trading saw significant movement as the equity finished well above its day low of ₹266.00 amid robust volume of 1.459 million shares.