$GUJENERGY Gujarat Gas Ltd delivered a stellar Q4 FY26 performance,

Gujarat Gas Ltd delivered a stellar Q4 FY26 performance, posting a sharp rebound in profit and margins thanks to lower gas procurement costs and strong industrial demand recovery. 🔹 Gujarat Gas Q4 FY26 Financial Highlights Metric Q4 FY26 Q4 FY25 Change Revenue from Operations ₹4,200 crore ₹3,950 crore ▲ 6.3 % YoY Net Profit (PAT) ₹351 crore ₹31 crore ▲ > 1000 % YoY EBITDA ₹620 crore ₹210 crore ▲ 195 % YoY EBITDA Margin 14.8 % 5.3 % Improved by 950 bps EPS ₹5.1 ₹0.45 ▲ > 1000 % YoY 🏭 Segment Performance Industrial Gas: Volumes ↑ 18 % YoY to 9.2 MMSCMD on ceramics and textile demand. CNG Retail: Revenue ₹1,020 crore (+12 % YoY); new stations added in Gujarat and Maharashtra. PNG Domestic: Steady growth (+6 % YoY). Commercial Gas: Revenue ₹480 crore (+9 % YoY). 📈 Market Reaction Share Price: Up ~4 % to ₹580 on NSE post‑results. Brokerages: Motilal Oswal: Target ₹640 – Maintain Buy. ICICI Direct: Target ₹625 – Positive on volume growth. HDFC Securities: Target ₹650 – Expect margin sustainability. ⚙️ Key Drivers Lower spot LNG prices and better sourcing mix. Industrial recovery in Morbi and South Gujarat clusters. Expansion of CNG network and PNG connections.