GAIL Reports Nine-Month PAT of ₹5,706 Crore for FY25-26
GAIL reported nine-month PAT of ₹5,706 crore for FY25-26, down from ₹9,263 crore in the previous year, excluding an exceptional income of ₹2,440 crore. Q3 FY26 PAT was ₹1,603 crore. The company declared an interim dividend of ₹5 per share.
The decline in profitability, even excluding the exceptional item, is a material financial event. The increase in pipeline network length and commencement of operations by its subsidiary are positive developments. The interim dividend declaration is also a significant factor for shareholders.
While revenue has seen a marginal increase, the Profit After Tax (PAT) has declined significantly for both the nine-month period and the quarter, primarily due to the absence of an exceptional income recognized in the previous year. The dividend declaration is a positive point, but the overall financial performance shows a downturn.
GAIL (India) Ltd reported Revenue from Operations of ₹1,03,899 crore for the nine months ended December 31, 2025, a slight increase from ₹1,01,580 crore in the corresponding period of FY2024-25. Profit Before Tax (PBT) for the nine-month period stood at ₹7,387 crore, down from ₹12,123 crore in the previous year. Profit After Tax (PAT) was ₹5,706 crore, compared to ₹9,263 crore in the prior year. The previous fiscal year's results included an exceptional income of ₹2,440 crore from an Arbitration Settlement with M/s. SMTS.
On a quarter-on-quarter basis, Revenue from Operations for Q3 FY26 was ₹34,076 crore, down from ₹35,031 crore in Q2 FY26. PBT in Q3 FY26 was ₹2,030 crore, compared to ₹2,823 crore in the previous quarter, and PAT stood at ₹1,603 crore, down from ₹2,217 crore in Q2 FY26.
During the quarter, average Natural Gas Transmission volume was 125.45 MMSCMD, up from 123.59 MMSCMD in Q2 FY26. Gas marketing volume was 103.98 MMSCMD, compared to 105.49 MMSCMD in the previous quarter. LHC sales were 200 TMT and Polymer sales were 218 TMT.
On a consolidated basis, Revenue from Operations for the nine months ended December 31, 2025, was ₹1,06,389 crore, up from ₹1,05,740 crore in the corresponding period of the previous year. Consolidated PBT stood at ₹7,759 crore, down from ₹12,856 crore, and consolidated PAT (excluding non-controlling interest) was ₹6,098 crore, compared to ₹9,958 crore in the prior year.
Consolidated Revenue from Operations for Q3 FY26 was ₹35,303 crore, compared to ₹35,657 crore in Q2 FY26. Consolidated PBT was ₹2,165 crore in Q3 FY26, down from ₹2,565 crore in the previous quarter. Consolidated PAT (excluding non-controlling interest) stood at ₹1,756 crore in Q3 FY26, down from ₹1,972 crore in the previous quarter.
Shri Sandeep Kumar Gupta, Chairman & Managing Director, GAIL, announced that 1,182 Kms of the Mumbai Nagpur Jharsuguda Pipeline was commissioned in Q3 FY26, bringing GAIL's operational Natural Gas Pipeline network length to over 18,000 Kms. He also informed that GAIL Global IFSC Limited (GGIL), GAIL's wholly owned subsidiary, has commenced business operations. The company has declared an interim dividend of 50% (₹5 per share) for FY2025-26.
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