News ArticleGAIL (India) Limited Reports ₹11,611.44 Crore Profit Before Tax for Q2 and H1 FY2026-27
Company posts total income of ₹86,116.52 crore for half year ended September 30, 2026, while disclosing contested provisional tariff orders and excise duty liabilities as contingent matters
GAIL (India) Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, reporting a profit before tax of ₹11,611.44 crore for the half year, with total income of ₹86,116.52 crore, alongside disclosure of ongoing tariff and excise duty legal matters.
GAIL (India) Limited
General / Other
GAIL (India) Limited announced its unaudited standalone financial results for the quarter and half year ended September 30, 2026, recording ₹11,611.44 crore profit before tax for the half year and total income of ₹86,116.52 crore.
For the quarter ended September 30, 2026, the company reported revenue from operations of ₹45,923.57 crore, while total income reached ₹46,562.99 crore. For the half year, revenue from operations stood at ₹84,905.19 crore with total income of ₹86,116.52 crore.
Total expenses for the half year amounted to ₹74,505.08 crore, resulting in a profit before tax of ₹11,611.44 crore as compared to ₹5,356.60 crore in the same period of the previous year.
The company disclosed two ongoing legal matters: contested provisional tariff orders issued by the Petroleum and Natural Gas Regulatory Board (PNGRB) and a Central Excise dispute related to classification of 'Naphtha' amounting to ₹2,889 crore plus interest and penalty, which GAIL treats as contingent liability and has appealed at the Supreme Court.
The independent auditors reviewed the financial results and reported no material misstatement. Exploration and production operations contributed revenues and profits during this period but their results were unaudited, based on operator statements, and are not expected to materially impact overall results.
Highlights
- Half year ended September 30, 2026 profit before tax: ₹11,611.44 crore
- Total income for half year: ₹86,116.52 crore
- Standalone revenue from operations for Q2: ₹45,923.57 crore
- Contingent excise duty liability on 'Naphtha' dispute of ₹2,889 crore plus interest and penalty
- Provisional tariff orders by PNGRB contested and pending final decision
- Independent auditor review completed with no material misstatements identified
Key Data Snapshot
What happened
- GAIL (India) Limited announced unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The company reported a half-year profit before tax of ₹11,611.44 crore and total income of ₹86,116.52 crore.
- Results were reviewed by independent auditors who found no material misstatements.
- The Board meeting approving the results was held on October 30, 2026.
Key details
- Quarterly revenue from operations was ₹45,923.57 crore with half-yearly revenue totaling ₹84,905.19 crore.
- Total expenses for the half year were ₹74,505.08 crore.
- There are ongoing legal disputes: two provisional tariff orders by PNGRB under contest at the Appellate Tribunal for Electricity, and a Central Excise differential demand of ₹2,889 crore plus related interest and penalties.
- The excise duty matter is treated as a contingent liability with appeal pending before the Supreme Court.
- Exploration and production segment contributed ₹324.48 crore revenue for the quarter and ₹628.34 crore for the half year based on operator statements.
Regulatory and governance context
- Results were prepared according to Indian Accounting Standards (Ind AS 34) and comply with SEBI Listing Obligations and Disclosure Requirements regulations.
- The company filed disclosures regarding no deviation in the use of proceeds from listed non-convertible debentures.
- Security cover for debts and outstanding defaults on loans and debt securities were provided as per SEBI regulations.
Next milestones
- Resolution of the contested provisional tariff orders by the Petroleum and Natural Gas Regulatory Board by final decision at Appellate Tribunal for Electricity.
- Outcome of the pending appeal in the Supreme Court concerning the excise duty demand on Naphtha classification.
Highlights
- Half year ended September 30, 2026 profit before tax: ₹11,611.44 crore
- Total income for half year: ₹86,116.52 crore
- Standalone revenue from operations for Q2: ₹45,923.57 crore
- Contingent excise duty liability on 'Naphtha' dispute of ₹2,889 crore plus interest and penalty
- Provisional tariff orders by PNGRB contested and pending final decision
- Independent auditor review completed with no material misstatements identified
Disclosures
- SEBI Circular dated 30th January 2026
- Regulation 33, 52(1), 52(4), 52(7), 52(7A), 54(2), 54(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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