GAIL (India) Limited announced its audited financial results for the financial year ended March 31, 2026, reporting a standalone Profit After Tax (PAT) of ₹6,968 crore, compared to ₹11,312 crore in the previous year. Revenue from Operations rose marginally to ₹1,38,697 crore from ₹1,37,288 crore in FY25. The Board of Directors recommended a final dividend of ₹0.50 per equity share for FY 2025-26, subject to shareholder approval at the forthcoming Annual General Meeting.

Standalone Financial Performance

GAIL's standalone results reflect moderated profitability amid a challenging global environment. EBITDA declined to ₹13,119 crore from ₹19,168 crore in FY25, while Profit Before Tax (PBT) stood at ₹8,964 crore against ₹14,825 crore in the prior year. On a sequential basis, Q4 FY26 revenue stood at ₹34,797 crore versus ₹34,076 crore in Q3 FY26, while PAT for the quarter came in at ₹1,262 crore compared to ₹1,603 crore in Q3 FY26. The Q4 FY26 EBITDA margin stood at 3.31%, contracting sharply from 7.79% in Q3 FY26, reflecting the pressure on operating profitability during the quarter.

The following table summarises the standalone financial performance:

Consolidated Financial Performance

On a consolidated basis, Revenue from Operations in FY26 stood at ₹1,42,094 crore, marginally lower than ₹1,42,290 crore in FY25. EBITDA declined to ₹14,524 crore from ₹20,635 crore, while PBT came in at ₹9,725 crore versus ₹16,095 crore in FY25. PAT (excluding minority interest) stood at ₹7,582 crore, compared to ₹12,450 crore in the previous year. For Q4 FY26, consolidated revenue was ₹35,705 crore versus ₹35,303 crore in Q3 FY26, with PAT (excluding minority interest) at ₹1,485 crore against ₹1,756 crore in Q3 FY26.

Dividend and Capital Expenditure

The Board recommended a final dividend of ₹0.50 per equity share (face value ₹10 per share) for FY 2025-26. This is in addition to an interim dividend of ₹5.00 per share already paid during the year, taking the total dividend payout ratio to 51.90%. The record date for the final dividend will be intimated separately. During FY26, the company incurred a capital expenditure of ₹9,594 crore, directed primarily towards pipeline infrastructure, petrochemical projects, operational capex, and equity contributions to joint ventures and subsidiaries.

Operational Highlights

GAIL's operational performance for FY26 reflected mixed trends across segments. Gas Marketing Volume improved to 104.21 MMSCMD from 101.49 MMSCMD in FY25, and LPG Transmission reached a record 4,600 TMT versus 4,478 TMT in the prior year. However, Natural Gas Transmission declined to 122.18 MMSCMD from 127.32 MMSCMD, while LHC Production fell to 813 TMT from 947 TMT and Polymer Production declined to 768 TMT from 827 TMT.

On a sequential basis, Q4 FY26 operational metrics compared to Q3 FY26 were as follows:

CMD's Statement

Shri Deepak Gupta, Chairman & Managing Director, commented that the year was marked by a challenging and complex global backdrop, including the ongoing Russia-Ukraine conflict and the onset of the West Asian crisis. Despite these headwinds, supported by timely policy interventions by the Government, GAIL delivered a resilient operational and financial performance. He noted that the company added approximately 2,000 km of pipeline network during the year and achieved the highest-ever LPG transmission of 4.6 MMTPA. GAIL is also doubling the capacity of the Jamnagar-Loni LPG pipeline to 6.5 MMTPA. Shri Gupta further highlighted that the Board has accorded investment approval for key renewable energy projects, including approximately 700 MW of solar and approximately 178 MW of wind capacity, along with 6 CBG plants with a total capacity of around 95 TPD, reinforcing GAIL's commitment to energy transition and long-term value creation.

Compliance and Disclosures

The audited financial results were approved along with the Independent Auditors' Report, carrying an unmodified opinion from the Joint Statutory Auditors. The results were prepared in compliance with Regulation 33, 52(1), and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed no deviation or variation in the use of proceeds from listed non-convertible unsecured debentures. The total financial indebtedness of the listed entity, including short-term and long-term debt, stood at INR 17,414 crores as on March 31, 2026, with no outstanding defaults. The Trading Window for dealing in the company's securities remains closed for Designated Persons and their Immediate Relatives until May 23, 2026.

GAIL (India) Limited has informed the exchanges regarding a change in its directorate. Shri Kushagra Mittal, who served as a Government Nominee Director, has ceased to be a Director of the company. The cessation of his directorship is effective from May 16, 2026.

The disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the change pertains specifically to the Government Nominee Director position held by Mittal.

Director Details

The following table outlines the key details of the director who has ceased to hold the position:

GAIL (India) Limited is a Government of India undertaking and holds the status of a Maharatna company. The registered office is located at GAIL Bhawan, 16 Bhikaji Cama Place, R.K. Puram, New Delhi.