GUJENERGY
GUJENERGY financials
- Market cap
- ₹25.9k Cr
- Sector
- Oil, Gas & Consumable Fuels
- Calls analysed
- 1
GUJENERGY Q1 FY27
What went well
- Revenue from operations for Q1 FY27 was INR9,670 crores, a 63% year-on-year growth compared to INR5,924 crores in Q1 FY26.
- EBITDA stood at INR1,482 crores, reflecting a 65% growth over INR896 crores in Q1 FY26.
- Profit after tax reached INR998 crores, a 78% growth compared to INR561 crores in Q1 FY26.
What to watch
- Post-July, the availability of alternate fuels like propane has improved, leading to a price gap where gas prices are at a premium to propane (INR78/scm vs INR65/scm), potentially impacting Morbi volumes.
- The power business PLFs have been very low, operating at close to 1% for both plants, with limited utilization outside of peak demand periods.
Guidance record · Q1 FY27
updates from the last two tracked quarters 8 tracked 0 delivered 0 missed 8 open- Gas Trading Profit open said Q1 FY27 Promised: INR 1,100-1,200 crores Q1 FY27: Management reiterated guidance for the gas trading business profit for FY27. Quote: 'for the gas trading business, we are projecting around INR1,100 crores to INR1,200 crores of margins.'
All 8 tracked — see the targets, revisions and supporting evidence.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 63.1%, net profit up 84.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,782 | 4,153 | 4,102 | 5,851 | 3,780 −0% | 3,658 −12% | 5,792 +41% | 9,545 +63% |
| EBITDA | 514 | 380 | 450 | 837 | 447 −13% | 447 +18% | 609 +35% | 1,381 +65% |
| Net profit | 309 | 221 | 288 | 547 | 280 −9% | 267 +21% | 152 −47% | 1,007 +84% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −43.7% 1Y
1Y: ₹433.9 on 15 Sept 2025 → ₹244.24. High ₹442.85 (16 Sept 2025), low ₹241.59 (11 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.0%
- 12 Aug
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 10.3% a year over 2 years, FY24 to FY26. Operating margin held at 12.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹15.7k Cr | ₹16.5k Cr | ₹19.1k Cr |
| Operating profit | ₹1.9k Cr | ₹1.9k Cr | ₹2.3k Cr |
| Operating margin | 12.0% | 11.4% | 12.3% |
| Interest | ₹29 Cr | ₹32 Cr | ₹121 Cr |
| Depreciation | ₹474 Cr | ₹511 Cr | ₹713 Cr |
| Net profit | ₹1.1k Cr | ₹1.1k Cr | ₹1.2k Cr |
| Net margin | 7.3% | 7.0% | 6.5% |
| ROCE | 20.0% | 20.0% | 18.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | ₹138 Cr | ₹138 Cr | ₹138 Cr | ₹138 Cr | ₹138 Cr | ₹187 Cr |
| Reserves | ₹4.3k Cr | ₹5.5k Cr | ₹6.9k Cr | ₹7.6k Cr | ₹8.4k Cr | ₹18.3k Cr |
| Borrowings | ₹983 Cr | ₹629 Cr | ₹152 Cr | ₹150 Cr | ₹150 Cr | ₹3.2k Cr |
| Other liabilities | ₹3.1k Cr | ₹3.3k Cr | ₹3.7k Cr | ₹3.8k Cr | ₹4.0k Cr | ₹5.9k Cr |
| Total liabilities | ₹8.5k Cr | ₹9.6k Cr | ₹10.9k Cr | ₹11.7k Cr | ₹12.7k Cr | ₹27.5k Cr |
| Fixed assets | ₹6.0k Cr | ₹6.6k Cr | ₹7.3k Cr | ₹7.8k Cr | ₹8.2k Cr | ₹13.7k Cr |
| Capital work in progress | ₹731 Cr | ₹992 Cr | ₹983 Cr | ₹918 Cr | ₹839 Cr | ₹836 Cr |
| Investments | ₹48 Cr | ₹52 Cr | ₹63 Cr | ₹168 Cr | ₹172 Cr | ₹1.0k Cr |
| Other assets | ₹1.7k Cr | ₹1.9k Cr | ₹2.5k Cr | ₹2.8k Cr | ₹3.4k Cr | ₹12.0k Cr |
| Total assets | ₹8.5k Cr | ₹9.6k Cr | ₹10.9k Cr | ₹11.7k Cr | ₹12.7k Cr | ₹27.5k Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −21.95 pp while DIIs added +9.18 pp. The shareholder count grew 91% to 3,27,344.
- Promoters
- 38.9%
- FIIs
- 10.8%
- DIIs
- 24.2%
- Government
- 7.3%
- Public
- 18.7%
Since Jun 2025
- Promoters −21.95 pp
- DIIs +9.18 pp
- FIIs +6.99 pp
How it drifted, 12 quarters
Over this window promoters fell from 60.9% to 38.9% — −21.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 60.9%, FIIs 3.8%, DIIs 13.1%, Government 7.0%, Public 15.2%.Dec '23: Promoters 60.9%, FIIs 3.3%, DIIs 14.0%, Government 7.0%, Public 14.8%.Mar '24: Promoters 60.9%, FIIs 3.7%, DIIs 15.0%, Government 7.0%, Public 13.3%.Jun '24: Promoters 60.9%, FIIs 4.3%, DIIs 14.8%, Government 7.0%, Public 13.0%.Sep '24: Promoters 60.9%, FIIs 4.5%, DIIs 14.4%, Government 7.0%, Public 13.2%.Dec '24: Promoters 60.9%, FIIs 4.5%, DIIs 14.2%, Government 7.0%, Public 13.3%.Mar '25: Promoters 60.9%, FIIs 4.0%, DIIs 14.8%, Government 7.0%, Public 13.3%.Jun '25: Promoters 60.9%, FIIs 3.9%, DIIs 15.0%, Government 7.0%, Public 13.3%.Sep '25: Promoters 60.9%, FIIs 3.7%, DIIs 15.0%, Government 7.0%, Public 13.4%.Dec '25: Promoters 60.9%, FIIs 3.8%, DIIs 15.1%, Government 7.0%, Public 13.2%.Mar '26: Promoters 60.9%, FIIs 4.0%, DIIs 14.8%, Government 7.0%, Public 13.3%.Jun '26: Promoters 38.9%, FIIs 10.8%, DIIs 24.2%, Government 7.3%, Public 18.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- The Governor Of Gujarat +32.27 pp 38.80% held
- ICICI Prudential PSU Equity Fund Mutual fund newly disclosed 5.79% held
- LICI Asm Non Par Insurer newly disclosed 4.47% held
- Mirae Asset Aggressive Hybrid Fund Mutual fund newly disclosed 3.79% held
- SBI Energy Opportunities Fund Mutual fund newly disclosed 3.07% held
- Gujarat Maritime Board newly disclosed 3.04% held
- Government Pension Fund Global Sovereign newly disclosed 1.43% held
- State Bank Of India Bank newly disclosed 1.31% held
The same filing shows 3 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of GUJENERGY above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| The Governor Of Gujarat | 38.80% | +32.27 pp |
| ICICI Prudential PSU Equity Fund Mutual fund | 5.79% | newly disclosed |
| Gujarat State Fertilizers & Chemicals Limited | 5.08% | −1.74 pp |
| LICI Asm Non Par Insurer | 4.47% | newly disclosed |
| Mirae Asset Aggressive Hybrid Fund Mutual fund | 3.79% | newly disclosed |
| Gujarat Industrial Development Corporation | 3.54% | −0.33 pp |
| SBI Energy Opportunities Fund Mutual fund | 3.07% | newly disclosed |
| Gujarat Maritime Board | 3.04% | newly disclosed |
| Gujarat Alkalies And Chemicals Limited | 2.35% | −0.75 pp |
| Government Pension Fund Global Sovereign | 1.43% | newly disclosed |
| State Bank Of India Bank | 1.31% | newly disclosed |
| Gujarat State Energy Generation Limited | 0.14% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse GUJENERGY
Guides on how to read this kind of business and the numbers that matter.