In view of the situation, Gujarat Gas has invoked Force Majeure provisions under its Gas Supply Agreements with industrial customers. The company also stated that acts of war are not covered under the insurance taken by Gujarat Gas Ltd.Also Read: These oil and gas stocks could be impacted due to the US-Iran war, as per Citi
The likely impact of the force majeure, which remains an ongoing event, cannot be estimated at this point, the company said. It added that developments are being closely monitored and any material updates will be communicated to the stock exchanges.Third Quarter Results
On a sequential basis, Gujarat Gas’ revenue fell by 3.2% to ₹3,658 crore from ₹3,781 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) remained unchanged at ₹447 crore from ₹448 crore in the December quarter.
The company reported a volume decline of 5.6% during the December quarter, marginally better than the 7% to 8% decline that the street feared. Operating profit margin for the quarter expanded by 30 basis points from the previous quarter to 12.2% from 11.9% during the September period.
Also Read: Gujarat Gas Q2 Results: Profit falls 15% QoQ, margin contracts
Net profit at the end of the December quarter stood at ₹267 crore, a decline of 4.6% compared to the September quarter figure of ₹280 crore. Gujarat Gas reported a 11% growth in its CNG segment volume on a sequential basis to 3.45 mmscmd, while Industrial volumes fell 19.7% from the previous quarter to 3.93 mmscmd.
Shares of Gujarat Gas Ltd ended at ₹418.60, up by ₹20.15, or 5.06%, on the BSE.
First Published: Mar 4, 2026 10:03 PM IS
