Financial Performance (Standalone)
GAIL reported strong financial results for Q1 FY2026-27, showing significant sequential improvement from Q4 FY2025-26.
Revenue and Profitability:
- Revenue from Operations: ₹38,982 crore (vs. ₹34,797 crore in Q4 FY26)
- EBITDA: ₹6,948 crore (vs. ₹2,175 crore in Q4 FY26)
- Profit Before Tax (PBT): ₹5,773 crore (vs. ₹1,577 crore in Q4 FY26)
- Profit After Tax (PAT): ₹4,292 crore (vs. ₹1,262 crore in Q4 FY26)
The quarter reflected resilience in transmission and liquid hydrocarbons performance, though the company experienced lower gas marketing and polymer volumes amid geopolitical headwinds.
Financial Performance (Consolidated)
On a consolidated basis for Q1 FY27:
- Revenue from Operations: ₹41,350 crore (vs. ₹35,705 crore in Q4 FY26)
- EBITDA: ₹7,573 crore (vs. ₹2,703 crore in Q4 FY26)
- PBT: ₹6,268 crore (vs. ₹1,966 crore in Q4 FY26)
- PAT (excluding minority interest): ₹4,665 crore (vs. ₹1,485 crore in Q4 FY26)
Capital Expenditure
During Q1 FY27, the Company recorded a capital expenditure of ₹6,176 crore against an Annual Planned Capex of approximately ₹11,500 crore, in line with its long-term growth strategy.
Operational Highlights (Q1 FY27 vs Q4 FY26)
- Natural Gas Transmission: 122.36 MMSCMD vs. 118.99 MMSCMD
- Gas Marketing Volume: 93.82 MMSCMD vs. 101.88 MMSCMD
- LHC Production: 232 TMT vs. 194 TMT
- Polymer Production: 51 TMT vs. 153 TMT
- LPG Transmission: 1,077 TMT vs. 1,114 TMT
The sequential increase in natural gas transmission and LHC production underscores the strength of GAIL's core infrastructure and liquid hydrocarbon operations, while lower gas marketing and polymer volumes reflect the impact of external disruptions during the quarter.
Performance Drivers
The company attributed its performance to resilience in transmission and liquid hydrocarbons segments, though it noted challenges in gas marketing and polymer volumes due to geopolitical headwinds.