GAIL (India) Limited has announced its financial results for the financial year ended March 31, 2026, reporting resilient operational performance despite a volatile global energy environment shaped by geopolitical tensions and fluctuating commodity markets. The company reported standalone Revenue from Operations of ₹1,38,697 crore for FY26, compared with ₹1,37,288 crore in FY25. EBITDA stood at ₹13,119 crore against ₹19,168 crore in the previous financial year, while Profit Before Tax (PBT) was reported at ₹8,964 crore compared to ₹14,825 crore in FY25.
Profit After Tax (PAT) for the year stood at ₹6,968 crore, as against ₹11,312 crore in the previous year. On a consolidated basis, Revenue from Operations stood at ₹1,42,094 crore in FY26, compared with ₹1,42,290 crore in FY25. Consolidated EBITDA was ₹14,524 crore, while consolidated PAT excluding minority interest stood at ₹7,582 crore.
For the fourth quarter of FY26, standalone Revenue from Operations rose sequentially to ₹34,797 crore from ₹34,076 crore in Q3 FY26. Quarterly PAT stood at ₹1,262 crore. The Board of Directors has recommended a final dividend of ₹0.50 per equity share of face value ₹10 each for FY26, subject to shareholder approval. Combined with the interim dividend of ₹5 per share already declared, the total dividend payout ratio for the year stands at 51.90 percent.
During FY26, GAIL incurred capital expenditure of ₹9,594 crore focused on pipeline infrastructure, petrochemical expansion projects, operational upgrades and investments in joint ventures and subsidiaries. The company also added nearly 2,000 kilometres to its pipeline network during the year. Operationally, natural gas transmission averaged 122.18 MMSCMD during FY26, while gas marketing volumes increased to 104.21 MMSCMD from 101.49 MMSCMD in the previous year. LPG transmission achieved a record 4,600 TMT during the year.
Commenting on the performance, Deepak Gupta, Chairman and Managing Director, GAIL, said the company successfully navigated a challenging business landscape influenced by the Russia-Ukraine conflict and emerging geopolitical disruptions in West Asia. He stated that strong operational execution, cost discipline and policy support from the Government enabled the company to maintain supply reliability and operational continuity despite adverse market conditions.
Shri Gupta further noted that GAIL is progressing steadily towards its Strategy 2030 roadmap and net-zero commitments. The Board has approved investments in renewable energy initiatives including around 700 MW of solar projects, nearly 178 MW of wind power capacity and six compressed biogas plants with a combined capacity of approximately 95 TPD.
The company is also expanding the capacity of the Jamnagar-Loni LPG pipeline to 6.5 MMTPA to strengthen India’s energy transportation infrastructure and support rising demand across key markets. GAIL (India) Limited is India’s largest state-owned natural gas company and a leading integrated energy player.
Established in 1984, it operates across the natural gas value chain, including transmission, distribution, processing, and marketing. GAIL also has a strong presence in petrochemicals, liquefied natural gas (LNG), and renewable energy. The company owns and operates an extensive pipeline network spanning thousands of kilometers, enabling energy access across the country. In recent years, GAIL has been actively diversifying into sustainable and low-carbon energy solutions, including solar, hydrogen, and biofuels, aligning with India’s clean energy transition goals and long-term energy security strategy.
