GAIL posts flat Q1 results but leans into future readiness through major capex and sustainability benchmarks.
GAIL (India) Ltd reported revenue from operations of ₹3,479 billion in Q1 FY2026, marking a 3 per cent increase over ₹3,369 billion in Q1 FY2025. Profit before tax (PBT) declined to ₹253 billion from ₹364 billion, while profit after tax (PAT) dropped to ₹189 billion compared to ₹272 billion year-on-year.
Sequentially, revenue fell from ₹3,571 billion in Q4 FY2025, with PAT down from ₹205 billion to ₹189 billion.
On a consolidated basis, Q1 FY2026 revenue stood at ₹3,543 billion versus ₹3,655 billion in Q4 FY2025. Consolidated PAT (excluding non-controlling interest) was ₹237 billion, a decline from ₹249 billion in the previous quarter.
Sandeep Kumar Gupta, Chairman & Managing Director, stated that GAIL incurred capital expenditure of nearly ₹318 billion during the quarter, primarily for pipeline infrastructure, petrochemical projects and equity contributions to joint ventures.
He also confirmed that GAIL received authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB) to expand the Jamnagar-Loni LPG pipeline capacity from 3.25 million metric tonnes per annum (MMTPA) to 6.5 MMTPA. The ₹500 billion expansion project is scheduled for completion within three years and is expected to reduce carbon dioxide emissions, road mishaps and leakage incidents.
GAIL has also been included in the FTSE4Good Index Series for the seventh consecutive year, affirming its sustained performance in environmental, social and governance (ESG) standards.