EBITDA margin guidance of ₹4.5-5.5 per scm for FY26
Management reiterated the full-year EBITDA margin guidance of ₹4.5 to ₹5.5 per scm, despite current margins being at the higher end.
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Capex of ~₹800 crore for FY26 and similar for FY27
The company plans to incur capital expenditure of approximately ₹800 crore in FY26, with a similar range expected for FY27.
Scheme of arrangement expected to close by December 2025
Management expects the MCA hearing and final order by December 2025, with relisting of GSPL taking 2-3 months thereafter.
Propane business entry in advanced stages
Discussions with capacity providers, fleet providers, and international propane suppliers are advanced; breakthrough expected in next few months.
Morbi volume recovery to 3.0-3.2 MMSCMD by March 2026
Management expects Morbi industrial volumes to reach 3.0-3.2 MMSCMD by March 2026, driven by price cuts and rising propane prices.
Full-year EBITDA margin guidance of ₹5.5-6.5 per SCM
CFO guided EBITDA margin per SCM for FY26 in the range of ₹5.5 to ₹6.5.
Capex of ₹650-700 crore for FY26
Company plans capital expenditure of ₹650-700 crore for the full financial year.
Target 60-70% long-term gas contracts by end of 2027
Management aims to increase long-term gas sourcing to 60-70% of total portfolio by end of 2027 to reduce spot exposure.