GAIL more than doubles quarterly profit as global gas supply disruptions lift margins
According to Moody's, India's GAIL more than doubled its September-quarter net profit to 4,650 crore rupees, and its shares rose 1.7% on the BSE.
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what happened
According to Moody's, India's state-run GAIL more than doubled its September-quarter net profit to 4,650 crore rupees, up from 2,217 crore a year earlier. The gain came as supply shocks across global energy markets, linked to the conflict in West Asia, pushed up margins in gas marketing. Revenue climbed 31% from a year earlier, to 45,924 crore rupees.
The board approved a partial listing of its wholly owned unit GAIL Gas, a city gas distributor, by selling up to 25% of its stake. It also cleared moving six city gas licensed areas into that unit through an asset transfer effective January 1, 2027, according to a regulatory filing. GAIL shares rose 1.7% to 168 rupees on the BSE, while the Sensex gained 0.42%.
why it matters
Qatari LNG deliveries to GAIL through Petronet LNG stopped after Petronet declared force majeure on March 3, and the company has received none of those volumes since. Shipping disruption around the Strait of Hormuz tied to the Iran conflict shows how tighter supply can widen margins for firms that resell gas. The planned GAIL Gas listing also signals a structural change for the group.
market impact
GAIL shares: higher profit and gas marketing margins support the stock
- GAIL shares pressure up — higher profit and gas marketing margins support demand for the stock
tags
instruments
sources
- GAIL Q2 Profit Up Over Twofold at 4,650 cr Despite Global Disruptions — Moody's, 31 October 2026 at 04:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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