New Delhi: GAIL (India) Limited, a Maharatna PSU, announced its unaudited financial results for the third quarter (Q3) and nine months ended 31st December 2025. The company reported a standalone profit after tax (PAT) of ₹1,602.57 crore on revenue from operations of ₹34,075.81 crore. Earnings per share (EPS) stood at ₹2.44 for the quarter.
The Board of Directors declared an interim dividend of ₹5 per equity share (50% of face value ₹10), with a record date of 5th February 2026.
Segment-Wise Performance
- Natural Gas Marketing: The largest revenue contributor with ₹30,605.41 crore, highlighting strong domestic gas sales.
- Transmission Services (Natural Gas): Generated revenue of ₹2,760.81 crore with a segment profit of ₹1,376.09 crore.
- Petrochemicals: Reported a segment loss of ₹482.64 crore due to market and operational pressures.
- Other Segments: Includes City Gas Distribution, Exploration & Production, Compressed Biogas (CBG), and Power Generation.
The consolidated revenue for Q3 FY26 stood at ₹35,302.76 crore, with consolidated PAT of ₹1,729.13 crore.
Legal and Contingent Matters
GAIL is contesting provisional tariff orders from the Petroleum and Natural Gas Regulatory Board (PNGRB), and a CESTAT order on differential excise duty of ₹2,889 crore related to naphtha classification, which is currently under appeal in the Supreme Court. The company treats these as contingent liabilities and expects no probable outflow.
Additionally, recoverable dues of ₹915.68 crore from Nagarjuna Fertilizers and Chemicals Limited (NFCL) are expected to be fully recovered through government subsidy escrow arrangements.
Financial Ratios and Position
- Total Assets: ₹1,19,551.38 crore
- Net Worth: ₹68,289.52 crore
- Debt-Equity Ratio: 0.25
- Current Ratio: 0.99
- Operating Margin: 4.71%
- Net Profit Margin: 4.71%
- Debt Service Coverage Ratio: 2.47
- Interest Service Coverage Ratio: 10.45
The company maintains a robust balance sheet, supporting further growth in natural gas and energy segments.
Interim Dividend and Shareholder Returns
The declared interim dividend of ₹5 per equity share amounts to ₹3,287.55 crore, reflecting GAIL’s commitment to returning value to shareholders while maintaining capital for operational and expansion plans.
Outlook and Growth Drivers
The company emphasized growth in the natural gas marketing and transmission segments, with continued focus on City Gas Distribution, CBG, and petrochemicals. Strategic recovery of dues and active management of legal and regulatory matters are expected to support stable margins and cash flows.
About GAIL (India) Limited
GAIL (India) Limited, a Maharatna Public Sector Undertaking, is India’s largest natural gas processing and distribution company. Established in 1984, GAIL operates across the entire hydrocarbon value chain, including gas transmission, marketing, petrochemicals, LNG, and City Gas Distribution, contributing to India’s energy security and infrastructure development.
