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5d ago

GAIL India Q1 Profit Falls 25%, Raises Capex Target

GAIL India raised its FY26 capex guidance following approval to double its Jamnagar-Loni LPG pipeline capacity

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Overview

  • Consolidated net profit for Q1 FY2025-26 declined by 25% year-on-year to Rs 2,382.24 crore, down from Rs 3,183.35 crore in the same quarter last year.
  • Revenue from operations edged up 1.7% year-on-year to Rs 35,428.81 crore but fell 3% sequentially from Rs 36,551.15 crore in Q4 FY2024-25.
  • The company incurred Rs 3,176 crore in capex during the quarter and lifted its FY26 spending target to Rs 10,700 crore, up from Rs 10,512 crore in FY25.
  • The Petroleum and Natural Gas Regulatory Board authorized expanding the Jamnagar-Loni LPG pipeline to 6.5 million tonnes per annum at an estimated Rs 5,000 crore, a project aimed at cutting CO₂ emissions and reducing road mishaps.
  • GAIL secured its seventh consecutive inclusion in the FTSE4Good ESG index and is boosting petrochemical capacity while exploring LNG adoption for logistics in partnership with CONCOR.