Gujarat Energy Limited Reports Q4 and Full Year Financial Results Amid Transformation

Gujarat Energy Limited Reports Q4 and Full Year Financial Results Amid Transformation​

Gujarat Energy Limited (GEL), the former Gujarat Gas Limited, today announced its financial results for the fourth quarter (Q4) and the full financial year (FY2025-26), ended March 31, 2026. The company also announced a recommendation for a final dividend following the Board of Directors’ meeting held on May 30, 2026.

The company is undergoing a significant corporate evolution, transforming into a fully integrated energy conglomerate.

Financial Performance Highlights​

The financial performance of the merged entity for the quarter and the full year saw the following key results:


Furthermore, the company reported a Net Worth of ~ 18,517 Crores as of March 31, 2026, achieving an Earning Per Share (EPS) of Rs. 24.50 in FY26.

The Board of Directors has recommended a final dividend of ~ 8.90 per equity share of face value of ~2/-, which represents 445% of face value for the financial year ended March 31, 2026. This recommendation is subject to the approval of shareholders at the upcoming Annual General Meeting.

Corporate and Strategic Expansion​

The transition marks the integration of multiple assets into the Gujarat Energy Limited umbrella. The company's scope now encompasses Gas Trading, E&P (Exploration & Production) assets, Wind Power generation, and investments. The Gas Transmission Business has been demerged into GSPL Transmission Limited (GTL), with separate listings anticipated on the BSE and NSE.

In key expansion efforts, GEL accelerated its efforts to expand Piped Natural Gas (PNG) usage to reduce reliance on LPG, particularly in response to the Middle East crisis. Between March 2026 and May 2026, 86 residential societies (around 13,000 households) in Gujarat achieved full PNG connectivity and were designated LPG-free. This brings the cumulative total of such societies to 2,835 (about 4.86 lakh households) as of May 2026.

The company also expanded its commercial operations, with new units rising from 152 in March to 527 by late May 2026. Additionally, GEL supported the Morbi ceramic industry, increasing gas-consuming units from 83 to 675, while gas consumption grew from 0.36 to 7.8 MMSCMD during the same period.

Operational Updates​

Volume Summary (inmmscmd)


Natural Gas Connectivity
The company continues its focus on increasing domestic PNG connections. In Q4 FY26, it added over 35,400 new domestic customers, providing natural gas to more than 24.18 lakh households.

CNG Network Growth
The CNG segment achieved an all-time high volume of 3.60 mmscmd in Q4 FY26, compared to 3.22 mmscmd in Q4 FY25, representing a 12% increase year over year. The network strength was bolstered by the addition of 7 new CNG Stations in Q4 FY26. By the end of the fiscal year, 14 CNG Stations became operational.

Infrastructure Development
The total pipeline network spans more than 45,250 km across 6 states and 1 Union Territory. During the year, the company invested approximately 561 Crore in CGD infrastructure.

Gujarat Energy Limited operates 839 CNG stations and continues to leverage its network to provide uninterrupted energy services.

GUJGASLTD Stock Price Movement​

Gujarat Gas Limited shares rallied strongly on Friday, closing at ₹401.15 after an impressive gain of 5.90%. The stock traded a total of 2.60 million shares, indicating robust investor buying interest throughout the session.