Integrated Filing — IndAS

General information about company
Scrip Code	539336
NSE Symbol	GUJGASLTD
MSEI Symbol	NA
ISIN	INE844O01030
Name of company	Gujarat Gas Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	19-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Natural Gas
Start date and time of board meeting	19-May-2025   15:00:00
End date and time of board meeting	19-May-2025   16:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	42889800000	171849700000
	Other income	743500000	2082900000
	Total income	43633300000	173932600000
2	Expenses
(a)	Cost of materials consumed	32528800000	132198700000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	5700000	-38900000
(d)	Employee benefit expense	437800000	1893000000
(e)	Finance costs	74400000	324900000
(f)	Depreciation, depletion and amortisation expense	1285800000	5106400000
(f)	Other Expenses
1	Excise duty expense	1869700000	6980200000
2	Other expenses	3552700000	12019100000
	Total other expenses	5422400000	18999300000
	Total expenses	39754900000	158483400000
3	Total profit before exceptional items and tax	3878400000	15449200000
4	Exceptional items	0	0
5	Total profit before tax	3878400000	15449200000
6	Tax expense
7	Current tax	1007900000	3526000000
8	Deferred tax	-1300000	484900000
9	Total tax expenses	1006600000	4010900000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2871800000	11438300000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	7000000	44900000
16	Total profit (loss) for period	2878800000	11483200000
17	Other comprehensive income net of taxes	44900000	84600000
18	Total Comprehensive Income for the period	2923700000	11567800000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1376800000	1376800000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		83519600000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	4.18	16.68
	Diluted earnings (loss) per share from continuing operations	4.18	16.68
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	4.18	16.68
	Diluted earnings (loss) per share from continuing and discontinued operations	4.18	16.68
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1tThe above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 19th May 2025 at Gandhinagar Gujaratttttt n2tThese financial statements have been prepared in accordance with the Indian Accounting Standards Ind AS notified under section 133 of the Companies Act 2013 read together with the Companies Indian Accounting Standards Ind AS Rules issued thereafter and the provisions of the Companies Act 2013 as applicable and guidelines issued by the Securities and Exchange Board of India SEBI and other recognised accounting principles and policies generally accepted in India to the extent possiblettttt ntThese financial results are presented in accordance with the requirements of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 read with other relevant rules and circulars issued thereunder nThe statutory auditors have expressed an unmodified opinion in audit reportttttt n3tThe Company primarily operates in the segment of Natural Gas Business Accordingly disclosures under Indian Accounting Standards Ind AS 108 on operating segments are not applicable to the Companyttttt n4tThe Board of Directors of the Company at its meeting held on 30th August 2024 have approved a Composite Scheme of Amalgamation and Arrangement among Gujarat State Petroleum Corporation Limited GSPC Transferor Company Gujarat State Petronet Limited GSPL Transferor Company GSPC Energy Limited GEL Transferor Company Gujarat Gas Limited GGLTransferee Company & Demerged Company and GSPL Transmission Limited GTL Resulting Company and their respective Shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act 2013 and rules made thereunder Scheme The Scheme inter alia provides for n1 amalgamation of GSPC GSPL and GEL with GGL with appointed date as 1st April 2024 n2 post the amalgamation demerger of Gas Transmission Business Undertaking into GTL with appointed date as 1st April 2025 and 3 various other matters consequential or otherwise integrally connected therewith nThe Scheme is inter alia subject to sanction of the Ministry of Corporate Affairs MCA and receipt of necessary approvals from statutory and regulatory authoritiesttttt n n5tThe Consolidated Financial Statements of the Company includes the results of the following entities for the quarter and year ended on 31st March 2025 ni Gujarat Gas Limited Company nii Guj Info Petro Limited Associate Company n nThe Consolidated Financial Statements of the Company represents consolidation of Financial Statements of Guj Info Petro Limited GIPL an associate Company and Gujarat Gas Limited Employees Welfare Stock Option Trust ESOP Trust a 100 sole controlled entity upto 30th September 2023 in accordance with IND AS ni Investment in associate has been accounted for using Equity Method in accordance with Ind AS 28 Investments in Associates and Joint Ventures nii The Company controlled the trust as per the requirements of Ind AS 110 Consolidated Financial Statements Accordingly the same had been consolidated as a 100 sole controlled entity upto 30th September 2023 All assets and liabilities of ESOP Trust had been liquidated in the quarter ended on 30th September 2023 and ESOP trust had been wound upttttt n n6tExceptional income for the year ended on 31st March 2024 pertains to writeback of provisions made in earlier periods for trade margin on sale of CNG following the settlement of matter with the Oil Marketing Companiesttttt n n7tPrevious period figures have been reclassified regrouped wherever considered necessary to conform to the current period figuresttttt n8tThe figures for quarter ended 31st March 2025 and 31st March 2024 are the balancing figures between the audited figures in respect of the full financial year ended 31st March 2025 and 31st March 2024 and the published unaudited yeartodate figures up to the third quarter of the respective financial years ttttt n n9tThe Board of Directors has recommended a dividend of Rs 5.82 per Equity Share of face value of Rs 2 each aggregating to Rs 400.64 Crores for the year ended 31st March 2025ttttt n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	76563900000
	Capital work-in-progress	8238100000
	Investment property	120600000
	Goodwill	0
	Other intangible assets	5390900000
	Intangible assets under development	151000000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	360200000
	Non-current financial assets
	Non-current investments	1356000000
	Trade receivables, non-current	0
	Loans, non-current	13200000
	Other non-current financial assets	994200000
	Total non-current financial assets	2363400000
	Deferred tax assets (net)	0
	Other non-current assets	3671100000
	Total non-current assets	96859200000
2	Current assets
	Inventories	618600000
	Current financial asset
	Current investments	0
	Trade receivables, current	10239700000
	Cash and cash equivalents	3268600000
	Bank balance other than cash and cash equivalents	325400000
	Loans, current	22500000
	Other current financial assets	12986400000
	Total current financial assets	26842600000
	Current tax assets (net)	0
	Other current assets	2190700000
	Total current assets	29651900000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	126511100000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1376800000
	Other equity	83519600000
	Total equity attributable to owners of parent	84896400000
	Non controlling interest	0
	Total equity	84896400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	1151600000
	Total non-current financial liabilities	1151600000
	Provisions, non-current	471100000
	Deferred tax liabilities (net)	9588800000
	Deferred government grants, Non-current	0
	Other non-current liabilities	759900000
	Total non-current liabilities	11971400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	651800000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	6547600000
	Total Trade payable	7199400000
	Other current financial liabilities	20219900000
	Total current financial liabilities	27419300000
	Other current liabilities	1670700000
	Provisions, current	279200000
	Current tax liabilities (Net)	274100000
	Deferred government grants, Current	0
	Total current liabilities	29643300000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	41614700000
	Total equity and liabilites	126511100000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Fair value of unquoted investments - gain / (expense)	5600000	5600000
2	Remeasurement gains on defined employee benefit plans	21900000	75900000
3	Share of Other comprehensive income of equity accounted investee	200000	-500000
	Total Amount of items that will not be reclassified to profit and loss	27700000	81000000
2	Income tax relating to items that will not be reclassified to profit or loss	-17200000	-3600000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	44900000	84600000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			15449200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			324900000
	Adjustments for decrease (increase) in inventories			-48400000
	Adjustments for decrease (increase) in trade receivables, current			9400000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-170200000
	Adjustments for decrease (increase) in other non-current assets			-40600000
	Adjustments for other financial assets, non-current			101900000
	Adjustments for other financial assets, current			-22700000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			332600000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			331200000
	Adjustments for increase (decrease) in other non-current liabilities			29400000
	Adjustments for depreciation and amortisation expense			5106400000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			137700000
	Adjustments for provisions, non-current			-54700000
	Adjustments for other financial liabilities, current			938500000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			1426400000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			89400000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			86400000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			5724800000
	Net cash flows from (used in) operations			21174000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			3115400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			18058600000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			9300000
	Purchase of property, plant and equipment			7517300000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			16800000
	Interest received			1119200000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-12840500000
	Net cash flows from (used in) investing activities	-19212500000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			547500000
	Dividends paid			3890700000
	Interest paid			299100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-4737300000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-5891200000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-5891200000
	Cash and cash equivalents cash flow statement at beginning of period			9159800000
	Cash and cash equivalents cash flow statement at end of period			3268600000