GAIL (India) Ltd
GAIL (India) Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Transmission volume guidance revised to 127-128 MMSCMD for FY26 due to shutdowns and weather impacts. Transmission volumes forecasted to increase from 127-128 MMSCMD in FY26 to 135-136 MMSCMD in FY27, supported by natural CGD growth and new refinery pipelines.
From GAIL (India) Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Transmission volume guidance revised to 127-128 MMSCMD for FY26 due to shutdowns and weather impacts.
- Expect transmission volume growth to 135-136 MMSCMD in FY27, driven by natural CGD growth and new refinery customers (Barauni, Paradip, Haldia, Bongaigaon, Guwahati).
- CGD segment growing at ~12% annually, contributing around 3.5 MMSCMD to volumes.
- New pipeline projects (Mumbai-Nagpur-Jharsuguda, Srikakulam-Angul, Kolkata section, etc.) to add incremental volumes.
- Petrochemical projects (PP Pata 60 KTA, PDH-PP Usar) commissioning in FY26-FY27 expected to boost sales.
- LPG Jamnagar-Loni pipeline capacity doubled to 6.5 MMTPA with a INR 5,000 crore CapEx, supporting future growth.
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Profitability & Margins
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Capital Expenditure Plans
- Capex plan for FY26-27 is around INR 12,000 crore.
- Breakdown of Capex:
- Pipeline projects: ~INR 4,000 crore
- Petrochemical projects: INR 2,500 crore
- Exploration & Production (E&P): INR 500 crore
- Net-zero plan related investments: INR 2,000 crore
- City Gas Distribution (CGD) projects: ~INR 200 crore
- Operational Capex: INR 1,400 crore
- Equity contribution: INR 850 crore
- Ongoing pipeline projects include Mumbai-Nagpur-Jharsuguda, Jagdishpur-Haldia-Bokaro-Dhamra, Kochi-Koottanad-Bangalore-Mangalore, Srikakulam-Angul, and Gurdaspur-Jammu pipelines.
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Top-ranked in Gas
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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GAIL (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹35.6K Cr, net profit ₹1.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What GAIL (India) Ltd's management said in earlier quarters
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Frequently Asked Questions
What were GAIL (India) Ltd Q1 FY26 results?
Transmission volume guidance revised to 127-128 MMSCMD for FY26 due to shutdowns and weather impacts. Transmission volumes forecasted to increase from 127-128 MMSCMD in FY26 to 135-136 MMSCMD in FY27, supported by natural CGD growth and new refinery pipelines.
What is GAIL (India) Ltd share price analysis?
GAIL (India) Ltd currently shows a neutral. The stock trades at a P/E of 11.6 with a market cap of ₹114,998 Cr. Investors should review the full earnings analysis for detailed insights.
Is GAIL (India) Ltd planning capital expenditure?
Capex plan for FY26-27 is around INR 12,000 crore.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.