GAIL Q2 Profit More Than Doubles to Rs 4,650 Crore; Board Clears GAIL Gas IPO

State-run GAIL (India) reported a standalone net profit of Rs 4,650 crore for the September quarter, more than double a year earlier, on stronger gas marketing, and its board gave in-principle approval to list its city gas distribution arm GAIL Gas by diluting a 25 per cent stake through an IPO.

Awaaz Punjab Investigations Desk30 October 20264 min readRead in all 3 languages

New Delhi: GAIL (India) Ltd, the country's largest gas utility, on Friday reported a standalone profit after tax of Rs 4,650 crore for the second quarter of FY27, up from Rs 4,292 crore in the previous quarter and more than double the Rs 2,217 crore recorded a year earlier, according to its results filing reported by The Hindu BusinessLine.

Source: The Hindu BusinessLine

Standalone revenue from operations rose to Rs 45,924 crore in the quarter, from Rs 38,981 crore in Q1 FY27 and Rs 35,031 crore a year earlier. On a consolidated basis, net profit surged to about Rs 4,724 crore, compared with Rs 1,989 crore in the year-ago quarter, aided by growth in the natural gas marketing business, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

Rs 4,650 croreStandalone net profit, Q2 FY27

Rs 45,924 croreStandalone revenue from operations, Q2 FY27

Rs 4,724 croreConsolidated net profit, Q2 FY27

25%Stake GAIL plans to dilute in GAIL Gas via IPO

Alongside the results, GAIL said its board of directors has approved in principle the public listing of its city gas distribution arm, GAIL Gas, with the state-run utility to dilute a 25 per cent stake through an initial public offering, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

The company's natural gas transmission volume during the quarter stood at 130.10 million standard cubic metres per day, compared with 122.36 mscmd a year earlier. For the first half of FY27, standalone profit after tax more than doubled to Rs 8,943 crore from Rs 4,104 crore in the corresponding period last year, NewKerala reported, citing the company's announced results.

Source: NewKerala

GAIL incurred capital expenditure of Rs 7,600 crore in the first half of FY27, including Rs 1,425 crore in the second quarter, against an annual planned capex of around Rs 12,900 crore. In its filing, the company said LNG supplies from the Middle East have been disrupted since March 2026 due to the geopolitical situation in West Asia, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

Shares of GAIL closed with a gain of 2.74 per cent at Rs 167.91 on the National Stock Exchange on Friday, NewKerala reported.

Source: NewKerala

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