Audited Financial Results (Standalone & Consolidated) of the Company for the Quarter and FY ended 31st March, 2026 along with Independent Auditors' Report with unmodified opinion(s) of ....
GAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty 100 and 4.2 pts more than its Gas peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
GAIL reported standalone revenue of ₹1,38,696.52 crore for FY26, up ~1% from ₹1,37,287.56 crore in FY25. Standalone net profit dropped sharply to ₹6,968.30 crore from ₹11,312.32 crore (~38% decline) due to the prior year including a one-time exceptional income of ₹2,440.03 crore from an LNG supplier settlement. Consolidated net profit was ₹7,581.52 crore vs ₹12,462.87 crore in FY25. The auditors issued unmodified opinions with emphasis of matter on: (i) pending PNGRB tariff orders contested at APTEL, (ii) CESTAT demand of ₹3,768 crore (including interest) for excise duty on naphtha classification with appeal filed in Supreme Court, and (iii) recoverability of ₹163.46 crore from NFCL via DoF subsidy release. PAT declined despite stable revenue, reflecting compressed margins due to geopolitical disruptions affecting LNG supplies in Q4 FY26. Board recommended final dividend of ₹0.50 per share (5%).
The ~38% PAT decline is primarily due to a non-recurring exceptional item in the prior year; underlying operational performance was impacted by LNG supply disruptions in West Asia and force majeure declared by Petronet LNG in Q4. The ₹3,768 crore contingent liability and governance gap (lack of Independent Directors) add risk, though strong operating cash flows (₹9,879 crore) and improved debt-equity ratio (1.46x vs 2.47x) provide balance sheet strength.