New Delhi: GAIL (India) Limited on Thursday reported a 38 percent decline in standalone Profit After Tax (PAT) at Rs 6,968 crore for the financial year ended March 31, compared to Rs 11,312 crore in FY25, as profitability remained under pressure due to challenging global market conditions.
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The company’s standalone Profit Before Tax (PBT) stood at Rs 8,964 crore in FY26 against Rs 14,825 crore in the previous fiscal, while EBITDA declined to Rs 13,119 crore from Rs 19,168 crore in FY25. However, Revenue from Operations rose marginally to Rs 1,38,697 crore in FY26 from Rs 1,37,288 crore in FY25.
On a sequential basis, standalone PAT for Q4 FY26 stood at Rs 1,262 crore, compared to Rs 1,603 crore in Q3 FY26. Revenue from Operations during the quarter increased to Rs 34,797 crore from Rs 34,076 crore in the preceding quarter.
On a consolidated basis, the company reported PAT (excluding minority interest) of Rs 7,582 crore in FY26 as against Rs 12,450 crore in FY25. Consolidated Revenue from Operations stood at Rs 1,42,094 crore compared to Rs 1,42,290 crore in the previous year.
The Board of Directors has recommended a final dividend of Rs 0.50 per equity share for FY26, subject to shareholder approval. This is in addition to the interim dividend of Rs 5 per share already paid during the year, taking the total dividend payout ratio to 51.90 percent.
During FY26, GAIL incurred a capital expenditure of Rs 9,594 crore, primarily towards pipeline infrastructure, petrochemical projects, operational capex and equity contributions to joint ventures and subsidiaries.
Operationally, the company’s natural gas transmission volume stood at 122.18 MMSCMD in FY26 against 127.32 MMSCMD in FY25, while gas marketing volume increased to 104.21 MMSCMD from 101.49 MMSCMD. LPG transmission achieved a record 4,600 TMT during the year, compared to 4,478 TMT in the previous fiscal.
Commenting on the performance, GAIL's Chairman & Managing Director (CMD) Deepak Gupta said the year was marked by a challenging global environment driven by the Russia-Ukraine conflict and evolving geopolitical developments in West Asia. He said the company remained focused on operational continuity, cost discipline and supply reliability, enabling it to maintain resilient operational and financial performance.
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He added that GAIL expanded its pipeline network by around 2,000 km during the year and is doubling the capacity of the Jamnagar-Loni LPG pipeline to 6.5 MMTPA. The company also approved investments in renewable energy projects, including around 700 MW of solar capacity, 178 MW of wind capacity and six compressed biogas plants with a combined capacity of about 95 TPD.
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