Q1 FY 27 - Post Results Earnings Call Transcript

GEL/SEC/2026/1609 17th August, 2026 BSE Limited, National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Mumbai G Block, Bandra Kurla Complex, Bandra (East), Mumbai Company Code: BSE - 539336 Company Code: NSE - GUJENERGY Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of Post Results Earnings Conference Call (Q1 FY 27) held on 12th August, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our letter dated 3rd August, 2026, please find below the link of Transcript of the post results earnings conference call (Q1 FY 27) held with the analysts on Wednesday, 12th August, 2026 at 4:00 p.m. IST: Link to access Transcript: https://www.gujarat-energy.com/pdf/transcript-gel-q1-fy-26-27-earnings- conference-call-12-08-2026.pdf The Transcript is also attached along with this intimation letter. Kindly take it on record. Thanking you, For, Gujarat Energy Limited Sandeep Dave Company Secretary GUJARAT ENERGY LIMITED (Erstwhile Gujarat Gas Limited) Corporate Office: Office No. 4 & 5, Ground Floor, IT Tower -2, Infocity, Gandhinagar – 382009 Gujarat Registered Office: Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector- 11, Gandhinagar, Gujarat – 382010 Tel.: +91-79-66701001 Website: https://www.gujarat-energy.com/ , CIN: L40200GJ2012SGC069118 “Gujarat Energy Limited Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT: SMT. AVANTIKA SINGH AULAKH, IAS – MANAGING DIRECTOR – GUJARAT ENERGY LIMITED SHRI DEVENDRA AGARWAL, EXECUTIVE DIRECTOR, REGULATORY AFFAIRS - GAS SOURCING & GAS DISPATCH CENTRE, GUJARAT ENERGY LIMITED SHRI SANDEEP DAVE – COMPANY SECRETARY – GUJARAT ENERGY LIMITED SHRI RAJESH SIVADASAN – CHIEF FINANCIAL OFFICER – GUJARAT ENERGY LIMITED SHRI VIKAS GANGAL – SENIOR VICE PRESIDENT - COMMERCIAL & MARKETING, IT & ERP – GUJARAT ENERGY LIMITED Page 1 of 17 Gujarat Energy Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Gujarat Energy Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Dave, Company Secretary, for the opening remarks. Thank you, and over to you, sir. Sandeep Dave: Thank you, Alaric. Good afternoon, everyone. We have with us Ms. Avantika Singh Aulakh Madam, Managing Director, Gujarat Energy Limited as well as senior management team from Gujarat Energy. I request the Managing Director, Madam to take us through the details of operating and financial performance. Over to you, madam, please. Avantika Singh Aulakh: Good afternoon, everyone, respected shareholders, distinguished analysts, members of the investor community, ladies and gentlemen. On behalf of Gujarat Energy Limited, I extend a warm welcome to all of you to the company's earnings call for the first quarter of FY26-27. Thank you for taking the time to join us today. We are pleased to present the operational and financial performance of GEL for the quarter ended 30th June 2026. This quarter is significant for the company as apart from delivering excellent performance across our key business segments, We also completed the listing and trading of our additional equity shares allotted pursuant to the scheme. Our post-merger performance reflects the strength of our integrated business model, bringing together scale, sourcing strength, operational synergies and broader capabilities across the energy value chain. We are today positioned as one of India's leading integrated energy companies with a presence across gas trading, city gas distribution, exploration and production and renewable energy. This integrated business model enables us to navigate evolving energy markets, support sustainable growth and create long-term value for stakeholders. Let me begin with our gas trading business. During the quarter, global energy markets witnessed significant disruption due to geopolitical developments and supply side constraints. Despite these challenges, we were able to leverage our robust sourcing capabilities, extensive supplier network and deep market expertise to secure critical LNG volumes for our customers. During the quarter, the company sourced 10 LNG cargoes despite unprecedented circumstances, demonstrating the resilience of our procurement network and our commitment to uninterrupted customer service. The Gas Trading segment delivered strong profitability with earnings before tax increasing to INR726 crores in this quarter as against INR237 crores in the previous year same quarter, reflecting a growth of 206%. I will now move to our City Gas distribution business, which continues to demonstrate healthy momentum across customer categories. In the CNG segment, we achieved a new benchmark with CNG volume of 3.76 mmscmd during this quarter compared to 3.33 mmscmd in the previous year same quarter, registering a growth of 13%. CNG volumes in Gujarat recorded a Page 2 of 17 Gujarat Energy Limited August 12, 2026 12% increase, while areas outside Gujarat delivered a notable 19% growth, highlighting our success in deepening our presence across geographies. Our CNG infrastructure has expanded to 844 stations. During the quarter, the company added 6 new CNG stations and upgraded 9 CNG stations. I would like to draw your attention to the fact that the company is now planning to add more than 75 new CNG stations and upgrade approximately 70 CNG stations during the current financial year. CNG continues to remain an attractive fuel option for customers, offering a compelling economic advantage being approximately 46% cheaper than petrol and 25% cheaper than diesel based on current pricing. In the PNG domestic segment, we continued to witness healthy customer additions. During the current quarter, the company added approximately 59,000 new domestic PNG customers, taking our cumulative domestic PNG customer base to more than 24.77 lakh households. The PNG penetration drive has also gained strong momentum. In the wake of constrained LPG supplies caused by the conflict in the Middle East, the government of India took policy measures to boost PNG connections for domestic usage. In support of this initiative, GEL has undertaken focused actions, including aggressive marketing campaigns across various digital and print medium, mobilization of additional contractors for execution of new connections and prioritized outreach to essential category customers such as hospitals, community kitchens, etc. These efforts have translated into visible results. From January to June 2026, GEL connected approximately 91,000 domestic PNG connections and more than 1,000 commercial PNG connections under the PNG drive. In the PNG Commercial segment, the company registered a volume of 0.17 mmscmd in Q1FY27. As of now, we serve more than 16,600 commissioned commercial customers across our network. We expect additions in both domestic and commercial categories to remain robust as our newer geographical areas in Punjab, Haryana, MP, Rajasthan, Maharashtra continue to mature and deepen customer penetration. The PNG Industrial segment delivered a strong performance during the quarter. Industrial sales volumes increased to 7.17 mmscmd in Q1 FY27 from 4.71 mmscmd in Q1 FY26, registering a growth of 64%. The Morbi Ceramic cluster continues to remain our largest partner in the PNG industrial segment. Our successful supply strategy provided significant support to the Morbi ceramic industry during the crisis period. The average volume in the Morbi ceramic cluster during the quarter was 5. [Showing first 8,000 characters — download PDF for full document]