GAIL profit jumps 139.3% to 4,719.66 crore rupees in second quarter
Key Facts
GAIL said profit attributable to owners of the parent stood at 4,719.66 crore rupees in the second quarter of fiscal 2026-2027, up 139.3% year on year. The jump in profit came as activity improved in gas marketing and transportation, two businesses the company said showed resilience and strong volumes across key segments. The result puts gas marketing at the forefront of the group’s revenue drivers through wholesale trading and natural gas distribution. The board also gave in-principle approval to list subsidiary GAIL Gas through an initial public offering, a move that could allow the group to dilute its stake by up to 25%.
Revenue from the gas marketing segment reached 412.26 billion rupees in the quarter, up more than 31% year on year, Reuters reported, citing the company’s results. The business includes wholesale gas trading and distribution, and is GAIL’s largest contributor to revenue. Meanwhile, revenue from the natural gas transportation segment rose 21% year on year. The figures highlight broad-based improvement across the two main businesses, with marketing revenue growing faster than transportation revenue. The company had described transportation and marketing performance as resilient, citing strong operating volumes across key segments.
The results announcement followed an improvement in gas demand: Reuters reported that India’s consumption returned in September to pre-conflict levels in the Middle East. The report said Jefferies analysts had pointed to the recovery ahead of the earnings announcement. Also in September, GAIL’s chairman said India initially cut gas consumption, then restored supplies to about 90% to 95% as it strengthened its ability to buy liquefied natural gas from other sources. This development puts the recovery in consumption and the availability of supplies in the backdrop to the quarter’s results, alongside growth in marketing and transportation. The September reading, as reported, showed consumption returning to pre-conflict levels in the Middle East.
The results were also accompanied by the board’s decision to grant in-principle approval for an initial public offering of GAIL Gas, a wholly owned group company. The approval provides for GAIL to dilute up to 25% of its share capital. The decision remains preliminary and does not mean the offering has been completed or scheduled. It came alongside the quarter’s results announcement, while presenting the possibility of a separate listing of a group subsidiary to investors. The available information did not include a timetable for the offering or other details about its execution.
In the stock market, GAIL shares closed at 167.91 rupees on October 30, up 1.6% from the previous close, Financial Express reported. Market data accompanying Reuters’ report showed a price of 167.91 rupees and a daily change of 1.66% on the same date. The published percentages differ by source, but both record a modest gain in the session. The cited closing data do not support the 4% figure included in the previous draft. GAIL shares thus rose about 1.6% on the results day, alongside the reported jump in profit and the board’s in-principle approval to list GAIL Gas.