GAIL posts Rs 2,217 crore net profit in Q2 FY26; revenue rises to Rs 35,031 crore

New Delhi: GAIL (India) Limited, the country’s largest natural gas company, reported a consolidated performance marked by steady revenue growth and improved profitability in the second quarter of FY 2025-26. The company posted a Profit After Tax (PAT) of Rs 2,217 crore for Q2 FY26, up from Rs 1,886 crore recorded in the previous quarter (Q1 FY26), reflecting a sequential improvement in earnings.

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Revenue from operations during the quarter stood at Rs 35,031 crore, marginally higher than Rs 34,792 crore in Q1 FY26. Profit Before Tax (PBT) rose to Rs 2,823 crore in Q2 FY26 from Rs 2,533 crore in the preceding quarter, indicating operational resilience amid a competitive market environment.

For the half-year ended September 30, 2025 (H1 FY26), GAIL’s revenue from operations was Rs 69,824 crore, compared to Rs 66,622 crore in the corresponding period of FY 2024-25. The company’s PAT for H1 FY26 stood at Rs 4,104 crore, compared to ₹5,396 crore in the same period of the previous year.

On a consolidated basis, GAIL reported revenue from operations of Rs 71,086 crore in H1 FY26, up from Rs 68,803 crore in H1 FY25. Consolidated PBT stood at Rs 5,594 crore, while PAT (excluding non-controlling interest) was Rs 4,342 crore, compared to Rs 5,876 crore in H1 FY25.

Operationally, the company’s natural gas transmission volume was recorded at 123.59 MMSCMD in Q2 FY26, while gas marketing volume stood at 105.49 MMSCMD. Sales of liquid hydrocarbons (LHC) and polymers rose to 223 TMT and 209 TMT, respectively, as compared to 198 TMT and 177 TMT in the previous quarter.

GAIL Chairman and Managing Director (CMD) Sandeep Kumar Gupta highlighted key developments, noting that the company’s Srikakulam-Angul Pipeline (SAPL) was recently dedicated to the nation by the Hon’ble Prime Minister. He also informed that GAIL has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) to lay the Vijaipur-Bina Pipeline, involving a capital expenditure of around Rs 450 crore, to be completed within three years.

During Q2 FY26, GAIL incurred a capital expenditure of Rs 1,662 crore, primarily towards pipeline and petrochemical projects, taking its total capex for the first half of the fiscal to Rs 4,838 crore.

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