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Informist, Friday, Jul. 31, 2026

 

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--GAIL to merge subsidiary Konkan LNG with itself 
--GAIL Apr-Jun net profit INR 42.92 bln 
--Analysts saw GAIL Apr-Jun net profit at INR 16.11 bln 
--GAIL Apr-Jun revenue INR 389.82 bln 
--Analysts saw GAIL Apr-Jun revenue at INR 370.46 bln 
--GAIL Apr-Jun net profit INR 42.92 bln vs INR 18.86 bln year ago 
--GAIL Apr-Jun revenue INR 389.82 bln vs INR 347.92 bln year ago 
--GAIL Q1 natural gas marketing sales INR 344.38 bln vs INR 310.03 bln yr ago 
--GAIL Apr-Jun petrochemical revenue INR 6.46 bln vs INR 16.81 bln yr ago 
--GAIL Apr-Jun operating margin 14.17% vs 7.06% year ago 
--GAIL Apr-Jun natural gas transmission sales INR 30.4 bln vs INR 28.1 bln
--GAIL Apr-Jun EBITDA INR 69.48 bln 
--GAIL Apr-Jun total capex INR 61.76 bln; FY27 planned capex INR 115 bln 
--GAIL Apr-Jun EBITDA INR 69.48 bln vs INR 36.26 bln year ago 

 

By Shruti Nair

 

MUMBAI – GAIL (India) Ltd.'s net profit for the June quarter more than doubled on year, ending a five-quarter streak of a year-on-year decline in bottom line. The natural gas company's revenues also grew on year for the first time in three quarters. The company's bottom line was pushed up by its total income growth significantly outpacing the growth in its total expenses.

 

For Apr-Jun, the public-sector energy player reported a net profit of INR 42.92 billion against INR 18.86 billion in the year-ago quarter. The bottom line vastly outperformed the Street's view, which had expected a year-on-year fall to INR 16.11 billion. The company's revenues excluding excise duty grew over 12% on year to INR 389.53 billion. The top line inclusive of excise duty was INR 389.82 billion.

 

Analysts had seen the natural gas company's revenue at INR 370.46 billion. The company's total income grew 13% on year to INR 395.25 billion, outpacing the growth in total expenses, which grew 3.8% to INR 337.51 billion. With the surge in the bottom line, the company's taxes also more than doubled on year to INR 14.81 billion.

 

For Apr-Jun, the company's overall revenue growth was led by natural gas marketing sales which grew over 11% on year to INR 344.38 billion. The segment accounts for over 88% of the gas company's revenues. Natural gas transmission sales also grew on year, though to a lesser extent, to INR 30.4 billion, up 8% on year. Sales from the petrochemical segment, however, fell 62% to INR 6.46 billion.

 

The company's operating margin for the June quarter more than doubled on year to 14.17% from 7.06%. The public-sector energy player's earnings before interest, taxes, depreciation, and amortisation also nearly doubled on year to INR 69.48 billion. The company incurred a capital expenditure of INR 61.76 billion in the quarter and plans to spend INR 115 billion in the financial year 2026-27 (Apr-Mar).

 

Due to the challenges arising from the war in West Asia, the company faced supply-related issues during the June quarter. Following the force majeure declaration by Petronet LNG Ltd. in March, regasified liquefied natural gas allocation to GAIL (India) under the contract was reduced to zero with effect from Mar. 4. Further, seven LNG cargoes of GAIL (India) under various other contracts were also impacted during the June quarter. The company has taken various mitigation measures, including procurement of LNG and natural gas from the spot market and alternative sources, to manage the impact and ensure supply to priority sectors in line with the government's natural gas supply regulations, GAIL (India) said in its earnings release.

 

The company also said it would merge wholly-owned subsidiary Konkan LNG with itself. The goal is to create a larger and stronger vertically integrated entity and simplify and rationalise the group structure to enhance operational efficiencies, GAIL (India) said in an exchange filing. 

 

Friday, shares of GAIL (India) closed at INR 181.44 per share on the National Stock Exchange, up 4.5% from Thursday. The company detailed its June quarter earnings during market hours.  End

 

Edited by Rajeev Pai

 

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