GAIL (India) Limited, the country's largest gas transmission and distribution company, has reported a net profit of ₹1,886 crore for the first quarter of fiscal year 2026, showcasing the company's resilience in a dynamic energy market. The state-owned entity also announced an ambitious capital expenditure plan of ₹10,700 crore for FY26, signaling its commitment to growth and infrastructure development.

Financial Performance

For the quarter ended June 30, 2025, GAIL posted a revenue from operations of ₹34,792.00 crore, compared to ₹33,692.00 crore in the same period last year, marking a 3.3% increase. The company's Profit Before Tax (PBT) stood at ₹2,533.00 crore, while the Profit After Tax (PAT) reached ₹1,886.00 crore.

On a quarter-on-quarter basis, GAIL's performance showed a slight moderation. Revenue from operations decreased from ₹35,707.00 crore in Q4 FY25 to ₹34,792.00 crore in Q1 FY26. Similarly, PAT declined from ₹2,049.00 crore to ₹1,886.00 crore.

Consolidated Results

On a consolidated basis, GAIL reported a revenue from operations of ₹35,429.00 crore for Q1 FY26. The consolidated Profit Before Tax (PBT) stood at ₹3,029.00 crore, while the Profit After Tax (PAT) excluding non-controlling interest was ₹2,369.00 crore.

Capital Expenditure Plans

GAIL's Chairman & Managing Director, Shri Sandeep Kumar Gupta, announced that the company has incurred a capex of approximately ₹3,176.00 crore during the current quarter. This expenditure was primarily focused on pipelines, petrochemicals, and equity contributions to joint ventures.

Looking ahead, GAIL has unveiled an ambitious capital expenditure plan of ₹10,700.00 crore for FY26. The planned investments are strategically distributed across various segments:

LPG Pipeline Expansion

In a significant development, GAIL has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the capacity expansion of its Jamnagar-Loni LPG pipeline. The project aims to double the pipeline's capacity from 3.25 MMTPA to 6.5 MMTPA, with an estimated capex of approximately ₹5,000.00 crore. The expansion is expected to be completed within three years and will contribute to reducing CO₂ emissions and road-related accidents.

Sustainability Recognition

GAIL's commitment to sustainability and strong Environmental, Social, and Governance (ESG) performance has been recognized internationally. The company has been included in the prestigious FTSE4Good Index series for the seventh consecutive year, underscoring its dedication to responsible business practices.

As GAIL continues to expand its operations and invest in future growth, the company remains focused on strengthening its position in the natural gas and petrochemicals sectors while also embracing sustainable practices and technologies.

GAIL (India) Limited , the country's largest gas transmission and distribution company, has announced its financial results for the first quarter, reporting a standalone net profit of ₹1,886.34 crore. This represents a 31% decline compared to the ₹2,723.98 crore profit recorded in the same quarter of the previous year.

Revenue and Operational Performance

The company's total income for the quarter stood at ₹35,084.37 crore, showing a modest increase from ₹34,063.26 crore in the corresponding quarter of the previous year. Revenue from operations was reported at ₹34,792.45 crore.

Consolidated Performance

On a consolidated basis, GAIL's net profit for the quarter was ₹2,382.24 crore, down from ₹3,183.35 crore in the corresponding quarter of the previous year.

Key Financial Metrics

• Earnings per share (EPS) decreased to ₹2.87 from ₹4.14 in the same quarter last year.
• The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter was ₹2,897.04 crore.
• Finance costs for the quarter were ₹209.38 crore.

Segment-wise Performance

GAIL's financial results show varied performance across its business segments:

The Natural Gas Marketing segment showed a significant decline in profitability, with segment results dropping to ₹1,071.60 crore from ₹2,032.80 crore in the same quarter last year.

Capital Expenditure and Future Outlook

As per the press release, GAIL has incurred a capital expenditure of approximately ₹3,176 crore during the quarter, primarily in Pipelines, Petrochemicals, and equity contributions to joint ventures.

The company has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for capacity expansion of the Jamnagar-Loni LPG pipeline. This project, with an estimated capex of ₹5,000 crore, aims to double the pipeline's capacity from 3.25 MMTPA to 6.5 MMTPA and is expected to be completed within three years.

Management Commentary

Shri Sandeep Kumar Gupta, Chairman & Managing Director of GAIL, highlighted the company's ongoing projects and environmental initiatives. He noted that the Jamnagar-Loni LPG pipeline expansion project would significantly reduce CO₂ emissions and minimize road mishaps and leaks.

Corporate Governance and Sustainability

GAIL has been included in the FTSE4Good Index series for the seventh consecutive year, underscoring the company's commitment to sustainability and strong Environmental, Social, and Governance (ESG) performance.

The Board of Directors approved these results at their meeting. While GAIL faces some regulatory challenges, including appeals against PNGRB tariff orders, the company continues to focus on expansion and environmental sustainability in its operations.