StocksMedium•5 November 2026•
1 min read
Gujarat Energy Q2 Profit Drops 35.9% Sequentially as Capex Guidance Held
Key Facts
1Gujarat Energy reported a 35.9% quarter-on-quarter decline in net profit to ₹639.3 crore for the second quarter.
2The company reiterated its capital expenditure guidance of ₹1,000 crore for FY27.
Gujarat Energy reported a 35.9% quarter-on-quarter decline in net profit to ₹639.3 crore for the second quarter. CNBC TV18 reported that EBITDA fell 38.5% to ₹797.2 crore, while revenue saw a marginal increase of 1.5% to ₹9,590 crore compared to the previous quarter.
The company reiterated its capital expenditure guidance of ₹1,000 crore for FY27, having incurred ₹181 crore in capex during the second quarter. On the operational front, city gas volumes grew 24% year-on-year to 10.7 MMSCMD, and the board approved long-term LNG sourcing agreements with international suppliers for a tenure of up to 10 years.