GAIL India Q4 results: Standalone net profit declines 21% QoQ; board recommends final dividend for FY26

GAIL (India) reported a 21% decline in its standalone net profit sequentially to ₹1,262 crore for the fourth quarter ended March 31, 2026 (Q4 FY26). Its net profit for the preceding quarter of the same fiscal year was at ₹1,602 crore.

The state-owned firm’s revenue increased 2.1% QoQ to ₹34,797 crore compared to ₹34,076 crore in Q4 FY25.

Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) slipped 56.5% to ₹1,153 crore for the quarter from ₹2,655 crore in the last quarter of the same year. Margin contracted to 3.31% quarter-on-quarter (QoQ), from 7.79%.

On a consolidated basis, GAIL reported revenue from operations of ₹35,705 crore in Q4 FY26, marginally higher than ₹35,303 crore in the preceding quarter. EBITDA came in at ₹2,703 crore compared to ₹3,610 crore in Q3 FY26, while profit after tax (PAT), excluding minority interest, was ₹1,485 crore, down from ₹1,756 crore in the previous quarter.

FY26 updates

Furthermore, in FY26, on a standalone basis, GAIL posted revenue from operations of ₹138,697 crore, up from ₹137,288 crore in FY25. EBITDA stood at ₹13,119 crore as against ₹19,168 crore in the previous year, while PAT came in at ₹6,968 crore in contrast to ₹11,312 crore in FY25.

During FY26, GAIL incurred a capex of ₹9,594 crore, primarily towards pipeline infrastructure, petrochemical projects, operational capex and equity contributions to joint ventures and subsidiaries, in line with its long-term growth strategy.

Dividend details

The Maharatna PSU’s Board of Directors has recommended a final dividend of 5% (₹0.50 per equity share) on the paid-up equity share capital of the company, subject to approval by shareholders at the forthcoming Annual General Meeting. The record date for the dividend will be announced separately, the firm said.

“This is in addition to the interim dividend of ₹5.00 per share, taking the total dividend payout ratio for the year to 51.90%,” GAIL said in a statement.

Here’s what management said

“The year was marked by a challenging & complex global backdrop, beginning with the ongoing Russia-Ukraine conflict and evolving geopolitical developments, including the onset of the West Asian crisis towards the later part of the year. Despite these headwinds, supported by timely policy interventions by the government, GAIL delivered a resilient operational and financial performance,” said Deepak Gupta, Chairman and Managing Director, GAIL (India).

Gupta said the company remained focused on ensuring operational continuity, cost discipline and supply reliability, which helped it navigate a volatile market environment. He added that during the year, GAIL expanded its pipeline network by around 2,000 km and recorded its highest-ever LPG transmission of 4.6 MMTPA while also progressing on plans to double the capacity of the Jamnagar-Loni LPG pipeline to 6.5 MMTPA.

He further highlighted that the Board has accorded investment approval for key renewable energy projects, including ~700 MW of solar and ~178 MW of wind capacity and 6 CBG plants with a total capacity of around 95 TPD, reinforcing GAIL’s commitment to energy transition, sustainability and long-term value creation.

On Thursday, GAIL (India) shares closed at ₹155.90 apiece on the National Stock Exchange, gaining 0.17%.