Shares of GAIL (India) surged more than 5% during Monday’s trading session after management indicated that the company’s Q4 FY26 performance was impacted by one-off items and guided toward improvement in FY27.
The stock rose 5.55% to Rs 169.70 on the NSE, gaining Rs 8.93 during the session. GAIL also touched an intraday high of Rs 170.12 compared to its previous close of Rs 160.77. The company’s market capitalisation stood at approximately Rs 1.12 lakh crore.
Management indicated during the post-results interaction that marketing EBIT for FY27 could be guided in the range of Rs 4,000 crore to Rs 4,500 crore. The company also stated that provisions worth Rs 670 crore are expected to be reversed in FY27, while a mark-to-market forex loss of around Rs 200 crore impacted the latest quarter.
The management commentary additionally highlighted that US LNG prices have softened, while spot LNG prices in Europe and Asia remain elevated. Transmission volumes and tariffs were also reported to be better than estimates.
GAIL reported a 21% sequential decline in standalone net profit to Rs 1,262 crore for Q4 FY26, compared to Rs 1,602 crore in the previous quarter. Revenue from operations rose 2.1% quarter-on-quarter to Rs 34,797 crore.
Standalone EBITDA declined sharply by 56.5% to Rs 1,153 crore from Rs 2,655 crore in Q3 FY26, while EBITDA margin contracted to 3.31% from 7.79%.
On a consolidated basis, revenue from operations stood at Rs 35,705 crore during Q4 FY26, marginally higher than Rs 35,303 crore in the previous quarter. Consolidated EBITDA came in at Rs 2,703 crore compared to Rs 3,610 crore in Q3 FY26, while PAT excluding minority interest declined to Rs 1,485 crore from Rs 1,756 crore sequentially.
For the full financial year FY26, GAIL reported standalone revenue from operations of Rs 1,38,697 crore compared to Rs 1,37,288 crore in FY25. EBITDA stood at Rs 13,119 crore against Rs 19,168 crore last year, while PAT declined to Rs 6,968 crore from Rs 11,312 crore.
The Maharatna PSU also announced a final dividend of Rs 0.50 per equity share, subject to shareholder approval at the upcoming AGM.
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