Southern Gas Reports Q2 Results and Leadership Change

Revenue from operations stood at Rs 10.17 crore for the quarter ended September 30, 2026. Net profit for the same period was recorded at Rs 0.74 crore.

Reader Takeaway: Revenue grew year-on-year, but net profit saw a decline; focus shifts to the new finance head's impact.

What just happened

Southern Gas Ltd announced its financial results for the quarter and half-year ended September 30, 2026, alongside a change in its senior management. The board approved the appointment of Ms. Kavita Yogesh Wagle as the company’s new Chief Financial Officer and Key Managerial Personnel, effective November 3, 2026.

Financial Performance

The company’s operational revenue reached Rs 10.17 crore for the September 2026 quarter, showing a marginal increase from Rs 9.34 crore in the same period last year. However, net profit declined to Rs 0.74 crore from Rs 0.96 crore in the year-ago period. The company’s basic EPS for the quarter stands at Rs 331.95.

Management Update

Ms. Kavita Yogesh Wagle takes over as CFO. With a Master of Commerce degree, she brings experience in finance, tax compliance, accounting, and MIS reporting to the leadership team.

Context Metrics

The results were reviewed by statutory auditors M. R. Hegde & Associates, who provided an unmodified report, indicating no significant issues with the financial statements.

What to track next

Investors should look for signs of margin stabilization in future quarters to offset the current dip in net profitability.