The company reiterated its focus on operational continuity, cost discipline, and supply reliability as it navigates a volatile market environment.
GAIL (India) Ltd, the country’s leading natural gas transmission and marketing company, reported a profit after tax (PAT) of ₹69.68 billion for FY2025-26, reflecting moderated profitability amid geopolitical headwinds. Deepak Gupta, Chairman & Managing Director, said, “The year was marked by a challenging and complex global backdrop, beginning with the ongoing Russia-Ukraine conflict and evolving geopolitical developments, including the onset of the West Asian crisis towards the latter part of the year. Despite these headwinds, supported by timely policy interventions by the government, GAIL delivered a resilient operational and financial performance.”
For the financial year ended March 31, 2026, GAIL recorded revenue from operations of ₹1.386 trillion, compared with ₹1.373 trillion in FY2024-25. EBITDA stood at ₹131.19 billion, down from ₹191.68 billion in the previous year. Profit before tax (PBT) was ₹89.64 billion, compared with ₹148.25 billion in FY2025, while PAT stood at ₹69.68 billion, against ₹113.12 billion in the prior year.
Sequentially, revenue from operations in Q4 FY2026 was ₹347.97 billion, compared with ₹340.76 billion in Q3 FY2026. EBITDA for Q4 FY2026 was ₹21.75 billion, versus ₹33.35 billion in Q3 FY2026. PBT stood at ₹15.77 billion in Q4 FY2026, compared with ₹20.30 billion in Q3 FY2026, while PAT for the quarter was ₹12.62 billion, against ₹16.03 billion in Q3 FY2026.
On a consolidated basis, revenue from operations in FY2026 was ₹1.421 trillion, compared with ₹1.423 trillion in FY2025. EBITDA stood at ₹145.24 billion, compared with ₹206.35 billion in the previous year. PBT was ₹97.25 billion, against ₹160.95 billion in FY2025, and PAT (excluding minority interest) stood at ₹75.82 billion, compared with ₹124.50 billion in the prior year.
For Q4 FY2026, consolidated revenue from operations was ₹357.05 billion, compared with ₹353.03 billion in Q3 FY2026. EBITDA was ₹27.03 billion, versus ₹36.10 billion in the previous quarter. PBT stood at ₹19.66 billion, compared with ₹21.65 billion in Q3 FY2026, and PAT (excluding minority interest) was ₹14.85 billion, against ₹17.56 billion in Q3 FY2026.
Gupta noted that GAIL’s teams remained focused on operational continuity, cost discipline, and supply reliability, enabling the company to navigate a volatile market environment. During the year, GAIL added approximately 2,000 km of pipeline network and achieved its highest-ever LPG transmission of 4.6 MMTPA. The company is also doubling the capacity of the Jamnagar-Loni LPG pipeline to 6.5 MMTPA.
Dividend and Investments
The board of directors has recommended a final dividend of ₹0.50 per equity share (face value ₹10 per share) for FY2025-26, subject to shareholder approval at the forthcoming AGM. This is in addition to the interim dividend of ₹5.00 per share, taking the total dividend payout ratio for the year to 51.9 per cent.
During FY2026, GAIL incurred capital expenditure of ₹95.94 billion, primarily towards pipeline infrastructure, petrochemical projects, operational capex, and equity contributions to joint ventures and subsidiaries, in line with its long-term growth strategy.
“As we advance towards our Strategy 2030 and net-zero commitments, the company continues to invest in future-ready growth avenues,” Gupta said. He added that the board has approved investments in key renewable energy projects, including around 700 MW of solar and 178 MW of wind capacity, along with six compressed biogas (CBG) plants with a total capacity of about 95 TPD, reinforcing GAIL’s commitment to energy transition, sustainability, and long-term value creation.