August 3, 2026: GAIL (India) Limited reported a standalone net profit of Rs. 42.92 billion for the first quarter of FY2026-27, more than double the Rs. 18.86 billion of a year earlier and up from Rs. 12.62 billion in the preceding quarter. Almost the entire increase came from a single segment — natural gas marketing — where profit swelled even as volumes fell, during a quarter in which West Asia supply disruptions cut GAIL's contracted LNG and pushed gas prices higher.

Standalone revenue from operations rose about 12 percent both year-on-year and sequentially, to Rs. 389.82 billion. Profit before tax was Rs. 57.73 billion, against Rs. 25.33 billion a year earlier and Rs. 15.77 billion in the previous quarter. EBITDA, derived from the results, was about Rs. 69.48 billion, against roughly Rs. 36.26 billion a year earlier.

GAIL's natural gas marketing segment reported a profit before interest and tax of Rs. 34.81 billion, up from Rs. 10.72 billion a year earlier and a swing from a loss of Rs. 1.51 billion in the previous quarter. Yet marketing volumes fell to 93.82 MMSCMD from 101.88 MMSCMD in the previous quarter, even as segment revenue rose to Rs. 344.38 billion from Rs. 310.03 billion a year earlier. Lower volumes alongside higher revenue and a far higher segment profit point to a sharp expansion in per-unit margins. GAIL's standalone operating margin rose to 14.17 percent from 7.06 percent a year earlier.

(Source: PSU Watch)