State-run gas major GAIL (India) Ltd reported a profit after tax (PAT) of INR18.86bn ($220mn) in the first quarter of FY26, marking a decline from INR27.24bn in the same quarter last year, the company said in a press release. Profit before tax (PBT) also fell to INR25.33bn from INR36.42bn year-on-year.

Revenue from operations in Q1FY26 stood at INR347.92bn, up from INR336.92bn in Q1FY25. On a sequential basis, however, the topline declined from INR357.07bn reported in Q4FY25. PBT in Q4 stood at INR27.01bn, while PAT was INR20.49bn.

On a consolidated basis, GAIL posted revenue of INR354.29bn in Q1FY26, compared to INR365.51bn in Q4FY25. Consolidated PBT came in at INR30.29bn, while PAT (excluding non-controlling interest) stood at INR23.69bn, down from INR24.92bn in the previous quarter.

Chairman and Managing Director Sandeep Kumar Gupta said GAIL incurred a capital expenditure of about INR31.76bn during the quarter, largely towards pipelines, petrochemical projects and equity contributions to joint ventures.

He also announced that the company received authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB) to double the capacity of its Jamnagar–Loni LPG pipeline from 3.25 mmtpa to 6.5 mmtpa. The expansion, expected to cost around INR50bn, will be completed in three years and is projected to reduce carbon emissions and road transport-related risks.

 

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