New Delhi: GAIL (India) Limited reported a standalone Profit After Tax (PAT) of Rs 4,650 crore for the second quarter of FY 2026-27, while signing a Memorandum of Understanding (MoU) with Rashtriya Chemicals and Fertilizers (RCF) to explore the development of a gas-based fertilizer project in Maharashtra.
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The Maharatna public sector company reported standalone revenue from operations of Rs 45,924 crore in Q2 FY27, compared with Rs 38,981 crore in the first quarter. Profit Before Tax (PBT) stood at Rs 5,838 crore, against Rs 5,773 crore in Q1 FY27.
For the first half of FY27, GAIL's standalone revenue from operations reached Rs 84,905 crore, while PAT stood at Rs 8,943 crore. On a consolidated basis, revenue from operations for the April-September period stood at Rs 88,651 crore, with PAT attributable to owners of the company, excluding minority interest, at Rs 9,385 crore.
On the operational front, GAIL recorded growth across its major business segments during the July-September quarter compared with the preceding quarter.
Natural gas transmission volume increased to 130.10 MMSCMD from 122.36 MMSCMD, while gas marketing volume rose to 97.23 MMSCMD from 93.82 MMSCMD.
Polymer production witnessed a sharp increase to 204 thousand metric tonnes (TMT) from 51 TMT. Liquefied Hydrocarbon (LHC) production rose to 256 TMT from 232 TMT, while LPG transmission volume increased to 1,130 TMT from 1,077 TMT.
On the investment front, GAIL incurred capital expenditure of Rs 1,425 crore during Q2 FY27, taking its cumulative capex for the first half of the financial year to Rs 7,600 crore. The company has set an annual capital expenditure target of approximately Rs 12,900 crore for FY27.
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Separately, the MoU with RCF marks a strategic development in GAIL's efforts to expand its presence in the gas-based fertilizer sector. The proposed project in Maharashtra is expected to strengthen the linkage between the natural gas and fertilizer industries, subject to further project development and evaluation.
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