GAIL (India) Limited reported consolidated PAT of ₹1,262 crore for Q4 FY26, declining 38.40% year-on-year from ₹2,505.61 crore in Q4 FY25, as per the latest financial results. Revenue from operations stood at ₹35,705 crore, down 2.54% YoY from ₹36,100 crore in the year-ago period. EBITDA for the quarter was ₹2,703 crore, while PBT decreased to ₹1,966 crore from ₹2,980 crore in Q4 FY25. The company's sequential performance showed revenue growth of ₹3,328 crore from Q3 to Q4 FY26, indicating steady operational momentum despite quarterly profit decline.
Among business segments, natural gas marketing revenue rose 11.7% YoY to ₹2,904 crore, while city gas distribution posted a 17.7% increase to ₹1,967 crore. However, LPG and liquid hydrocarbons segment declined 7.6% YoY to ₹1,064 crore during the quarter. Gas transmission volume declined to 118.99 MMSCMD from 125.45 MMSCMD in Q3 FY26, while gas marketing volume fell to 101.88 MMSCMD against 103.98 MMSCMD in the preceding quarter. LPG transmission declined to 1,114 TMT versus 1,188 TMT in Q3 FY26, with LHC sales at 195 TMT compared with 200 TMT in the previous quarter.
For the full financial year FY26, GAIL reported consolidated PAT of ₹7,582 crore, compared to ₹12,450 crore in the previous year. Revenue from operations stood at ₹1,42,094 crore, marginally higher than ₹1,42,290 crore in FY25. EBITDA for FY26 was ₹14,524 crore, down from ₹20,635 crore in the previous year, while PBT decreased to ₹9,725 crore from ₹16,095 crore in FY25. The company's capital expenditure for FY26 was ₹9,594 crore, primarily invested in pipeline infrastructure, petrochemical projects, and operational capex as part of its long-term growth strategy.
Despite challenging market conditions, GAIL achieved significant operational milestones during FY26. The company added approximately 2,000 km of pipeline network and achieved the highest-ever LPG transmission of 4.6 MMTPA. GAIL is doubling the capacity of Jamnagar-Loni LPG pipeline to 6.5 MMTPA, demonstrating continued infrastructure expansion. Looking ahead, the company has received investment approval for key renewable energy projects, including ~700 MW of solar and ~178 MW of wind capacity, along with 6 CBG plants with total capacity of around 95 TPD, reinforcing its commitment to energy transition and sustainability as part of Strategy 2030 and net-zero commitments.
GAIL shares were trading at ₹183.70 on BSE, rising 0.69% during the trading session, as per latest market data. The stock had previously hit an intraday high of ₹157.65 and intraday low of ₹154.90. The Board of Directors has recommended a final dividend of ₹0.50 per equity share for FY 2025-26, 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 51.90%.
