New Delhi, February 2, 2026 – GAIL (India) Limited, the country's leading natural gas company, reported a standalone net profit of ₹1,603 crore for the third quarter (Q3) ending December 31, 2025. This marks a sequential decline from ₹2,217 crore in the previous quarter (Q2 FY26). The company's Board has declared an interim dividend of ₹5 per share (50% of face value) for the financial year 2025-26.
On a nine-month basis (April-December 2025), the company's Profit After Tax (PAT) stood at ₹5,706 crore, significantly lower than the ₹9,263 crore reported in the corresponding period of the previous financial year (FY25). This year-on-year decline is primarily attributed to an exceptional income of ₹2,440 crore recorded in FY25 from an arbitration settlement with M/s. SMTS, which boosted last year's earnings.
Key Financial Snapshot (Standalone)
For Q3 FY26 (Quarter Ended Dec 2025):
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Revenue from Operations: ₹34,076 Crore
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Profit Before Tax (PBT): ₹2,030 Crore
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Profit After Tax (PAT): ₹1,603 Crore
For 9M FY26 (Apr-Dec 2025):
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Revenue from Operations: ₹1,03,899 Crore
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Profit Before Tax (PBT): ₹7,387 Crore
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Profit After Tax (PAT): ₹5,706 Crore
Operational Highlights & Strategic Milestones
Despite the earnings pressure, the company achieved critical infrastructure milestones. Average Natural Gas Transmission volume increased to 125.45 Million Metric Standard Cubic Meters per Day (MMSCMD) in Q3, up from 123.59 MMSCMD in Q2.
Sandeep Kumar Gupta, Chairman & Managing Director, GAIL, announced the commissioning of 1,182 km of the Mumbai Nagpur Jharsuguda Pipeline. With this, GAIL's operational natural gas pipeline network has crossed the significant length of 18,000 km, strengthening the national gas grid.
Gupta also highlighted that GAIL Global IFSC Limited (GGIL), the company's wholly-owned subsidiary at Gujarat's GIFT City, has successfully commenced business operations within its first year of incorporation, marking a step in the company's foray into international financial services.
Segment-Wise Performance (Q3 vs Q2)
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Gas Marketing Volume: 103.98 MMSCMD (vs 105.49 MMSCMD in Q2)
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Liquid Hydrocarbon (LHC) Sales: 200 TMT (vs 223 TMT in Q2)
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Polymer Sales: 218 TMT (vs 209 TMT in Q2)
Consolidated Performance
On a consolidated basis, the group's PAT (excluding non-controlling interest) for the nine-month period stood at ₹6,098 crore, compared to ₹9,958 crore a year ago. For Q3, consolidated PAT was ₹1,756 crore, down from ₹1,972 crore in Q2.
Market and Compliance Details
The financial results and dividend announcement were communicated to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under compliance codes ND/GAIL/SECTT/2026 and Scrip Code 532155 respectively.
Looking Ahead
The declared interim dividend of ₹5 per share underscores the company's commitment to returning value to shareholders despite a challenging quarter. The expansion of the pipeline network and the operational start of its GIFT City subsidiary are strategic positives for GAIL's long-term growth in India's evolving energy landscape, even as it navigates volatile market conditions and a high base effect from last year's exceptional gains.