GAIL Announces Financial Performance for the First Nine Months of FY 2025-26
New Delhi, January 31, 2026 – GAIL (India) Ltd has unveiled its financial results for the nine months ending December 31, 2025. The state-owned enterprise registered a revenue from operations totaling ₹1,03,899 crores, showing a modest increase from last year’s ₹1,01,580 crores during the same period. However, both Profit Before Tax (PBT) and Profit After Tax (PAT) showed declines. PBT was reported at ₹7,387 crores, down from ₹12,123 crores, while PAT decreased to ₹5,706 crores from ₹9,263 crores. The previous fiscal year’s figures included an exceptional gain of ₹2,440 crores due to an Arbitration Settlement with M/s. SMTS.
Quarterly Performance Analysis
Reviewing the quarter-on-quarter financials, GAIL’s revenue from operations dipped slightly in the third quarter of FY 2026 to ₹34,076 crores from ₹35,031 crores in the second quarter. A similar trend was seen in PBT and PAT, with the former dropping from ₹2,823 crores to ₹2,030 crores, and the latter from ₹2,217 crores to ₹1,603 crores.
Natural gas transmission volumes slightly increased to 125.45 MMSCMD from 123.59 MMSCMD in the previous quarter. However, gas marketing volumes saw a slight reduction to 103.98 MMSCMD from 105.49 MMSCMD. Additionally, there were mixed results in product sales, with Liquid Hydrocarbon (LHC) sales decreasing to 200 TMT from 223 TMT, while polymer sales increased to 218 TMT from 209 TMT.
Consolidated Financial Results
On a consolidated basis, GAIL reported a revenue from operations of ₹1,06,389 crores for the nine-month period, compared to ₹1,05,740 crores in the previous year. The PBT for this period was ₹7,759 crores, a decrease from the previous year’s ₹12,856 crores. PAT, excluding non-controlling interest, also fell to ₹6,098 crores from ₹9,958 crores.
For the third quarter alone, consolidated revenue stood at ₹35,303 crores, PBT at ₹2,165 crores, and PAT at ₹1,756 crores, all marking decreases from the previous quarter.
Corporate Developments and Dividends
Shri Sandeep Kumar Gupta, Chairman & Managing Director of GAIL, highlighted significant corporate developments including the commissioning of 1,182 kilometers of the Mumbai Nagpur Jharsuguda Pipeline. With this expansion, GAIL’s operational natural gas pipeline network now exceeds 18,000 kilometers. Furthermore, GAIL Global IFSC Limited (GGIL), a wholly-owned subsidiary based in GIFT City, has begun its business operations successfully within its first year.
GAIL has declared an interim dividend of 50% of the face value for FY 2025-26, amounting to ₹5 per share.
This financial briefing reflects GAIL’s strategic maneuvering amidst fluctuating market conditions and its continued expansion in infrastructure and subsidiary operations.
