GAIL's board has recommended a final dividend of Rs 0.5 per equity share for FY26, pending shareholder approval. The company reported a decline in its quarterly profit after tax to Rs 1,262 crore in Q4 FY26, down from Rs 1,603 crore in the previous quarter, reflecting a 21.3% decrease.
Revenue from operations for Q4 stood at Rs 35,705 crore, a slight increase from Rs 35,303 crore in the previous quarter. However, EBITDA for the quarter fell to Rs 2,703 crore from Rs 3,610 crore in Q3 FY26, marking a sequential decline of approximately 25%. Profit before tax also decreased to Rs 1,966 crore from Rs 2,165 crore in the previous quarter.
On a standalone basis, revenue from operations rose marginally to Rs 34,797 crore from Rs 34,076 crore in the December quarter. Standalone EBITDA experienced a significant drop to Rs 2,175 crore from Rs 3,335 crore in Q3 FY26.
For the full financial year FY26, GAIL's consolidated revenue from operations remained flat at Rs 1.42 lakh crore compared to FY25. The consolidated EBITDA for FY26 was Rs 14,524 crore, a decrease of nearly 30% from Rs 20,635 crore in the previous year. Profit before tax for the year was Rs 9,725 crore, down from Rs 16,095 crore in FY25.
Annual consolidated profit after tax excluding minority interest fell sharply to Rs 7,582 crore from Rs 12,450 crore in the previous year, marking a decline of around 39%. The company attributed the reduced profitability to global headwinds, though it maintained operational resilience.
During FY26, GAIL invested Rs 9,594 crore in capital expenditure, focusing on pipeline infrastructure, petrochemical projects, and equity contributions to joint ventures and subsidiaries. Natural gas transmission volumes were 122.18 MMSCMD, down from 127.32 MMSCMD in FY25, while gas marketing volume increased to 104.21 MMSCMD from 101.49 MMSCMD.
Background
GAIL's financial performance in FY26 reflects the broader challenges faced by the energy sector due to volatile global markets and fluctuating demand. The company's strategic focus on infrastructure and joint ventures aims to bolster its long-term growth despite short-term profit declines.
Looking ahead, GAIL's performance will be closely watched as it navigates global economic challenges. The company's strategic investments in infrastructure and joint ventures are expected to play a crucial role in its future growth trajectory.
