GAIL shares gain over 2% despite fall in Q1 profit; check key details here

Shares of PSU firm GAIL (India) gained 2.6% on Tuesday to hit an intraday high following the company’s June quarter earnings. The state-run gas utility reported a net profit of ₹2,382 crore for the first quarter of the current fiscal year (Q1 FY26), down 25% from ₹3,183 crore posted in the year-ago period.

Sandeep Kumar Gupta, Chairman and Managing Director of GAIL, stated that the company spent a capital expenditure of ₹3,176 crore in the quarter, mainly on pipelines, petrochemicals and equity investments in joint ventures.

“GAIL has received PNGRB’s authorisation for capacity expansion of the Jamnagar-Loni LPG pipeline from 3.25 MMTPA to 6.5 MMTPA, involving an estimated capex of ₹5,000 crore and is expected to be completed within 3 years. This project will cut down on CO2 emissions significantly and reduce road mishaps and leaks,” Gupta said.

In an exchange filing, the company said, “Transportation tariff orders issued by the Petroleum and Natural Gas Regulatory Board (PNGRB) in respect of six natural gas final tariff orders and two provisional tariff orders in respect of petroleum and petroleum product pipelines, which have been contested by the company at the Appellate Tribunal for Electricity (APTEL), and also certain customers have challenged these orders of PNGRB in a court of law. Adjustment, if any, will be recognised as and when the matter is finally decided.”

GAIL India's revenue was slightly up by 2% at ₹35,429 crore during the reporting quarter, as against ₹34,822 crore in Q1 FY25. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) was at ₹3,669 crore in the July quarter, down 23.4% as compared to ₹4,790 crore.

Margin stood at 10.4% in Q1 FY26 against 14% a year ago.

At 12 pm, GAIL shares were trading 0.46% lower at ₹179.80 apiece on the NSE.

With Tuesday’s high, the stock has gained over 23% from its 52-week low of ₹150.52–touched on March 4, 2025. The stock had hit its 52-week high of ₹246.30 on July 31, 2024.

Over the last six months, the stock has risen 8.29%, though it is down 5.86% year-to-date. It has declined 2.36% in the last five days and 5.73% over the past month.

The company’s market capitalisation currently stands at ₹1.19 lakh crore.

GAIL (India) Limited, previously known as Gas Authority of India Ltd, is a major Indian energy company engaged in the trading, transmission, production and distribution of natural gas. It is also involved in petrochemicals, LPG, LNG (liquefied natural gas), and exploration and production (E&P) activities.