News ArticleGAIL India Reports ₹11,611.44 Crore Profit Before Tax for First Half of 2026
Total income reaches ₹86,116.52 crore amid regulatory tariff disputes under appeal
GAIL India Limited announced its unaudited standalone financial results for the quarter and half year ended September 30, 2026, reporting a profit before tax of ₹11,611.44 crore for H1 2026 on total income of ₹86,116.52 crore, showing significant operational scale amid contested tariff orders and ongoing legal proceedings.
GAIL (India) Limited
Financial Results
GAIL (India) Limited posted a profit before tax of ₹11,611.44 crore for the half year ended September 30, 2026, with total income of ₹86,116.52 crore, reflecting its continuing scale of operations. The company released its unaudited standalone financial results, which include ongoing legal matters contested with the Petroleum and Natural Gas Regulatory Board and central excise authorities.
For the quarter ended September 30, 2026, GAIL reported revenue from operations of ₹45,923.57 crore and other income of ₹639.42 crore, totaling ₹46,562.99 crore in income. Expenses for the quarter amounted to ₹40,724.78 crore, resulting in a profit before tax of ₹5,838.21 crore.
For the half year, revenue from operations reached ₹84,905.19 crore, with other income of ₹1,211.33 crore, and total expenses of ₹74,505.08 crore. The company’s tax expenses included a current tax charge primarily for the current year.
The financials are prepared in accordance with Indian Accounting Standard 34 and comply with applicable SEBI regulations. The Audit Committee reviewed the results, and independent auditors issued a limited review report with no material misstatements except for specific notes on regulatory and legal matters.
The company disclosed two provisional tariff orders by the Petroleum and Natural Gas Regulatory Board which are being contested and any adjustments will be recognized upon final decision. Additionally, a Central Excise Tribunal order demands ₹2,889 crore plus interest relating to classification of Naphtha, currently considered a contingent liability as the company has appealed to the Supreme Court.
Highlights
- Profit before tax for half year ended September 30, 2026: ₹11,611.44 crore.
- Total income for half year: ₹86,116.52 crore, including ₹84,905.19 crore revenue from operations.
- Quarterly profit before tax: ₹5,838.21 crore, with revenue from operations at ₹45,923.57 crore.
- Ongoing legal contests with PNGRB tariff orders and Central Excise Department’s claim of ₹2,889 crore plus interest.
- Independent auditors issued limited review report with no modifications except emphasis on regulatory matters.
- Interim financial results of certain exploration and production operations based on operator statements and not audited separately.
Key Data Snapshot
What happened
- GAIL (India) Limited announced its unaudited standalone financial results for quarter and half year ended September 30, 2026.
- Reported profit before tax of ₹5,838.21 crore for the quarter and ₹11,611.44 crore for the half year.
- Total income for half year stood at ₹86,116.52 crore, with revenue from operations of ₹84,905.19 crore.
- Financial results comply with Indian Accounting Standards and SEBI regulations and were approved by the Board on October 30, 2026.
Key details
- Independent auditors issued a limited review report confirming no material misstatement in results.
- Company faces two contested provisional tariff orders issued by Petroleum and Natural Gas Regulatory Board, with impact pending final tribunal decisions.
- CESTAT ordered demand of ₹2,889 crore plus interest regarding classification of Naphtha; company has appealed to Supreme Court and treated as contingent liability.
- Interim financial results of exploration and production operations, valued at ₹324.48 crore (revenue) for the quarter, are based on operator statements and not audited separately.
Financial performance
- Quarterly revenue from operations: ₹45,923.57 crore; half year ₹84,905.19 crore.
- Quarterly total income: ₹46,562.99 crore; half year ₹86,116.52 crore.
- Quarterly total expenses: ₹40,724.78 crore; half year ₹74,505.08 crore.
- Quarterly profit before tax: ₹5,838.21 crore; half year ₹11,611.44 crore.
- Significant tax expense for the period includes current tax charge of ₹1,026.31 crore for the quarter and ₹2,311.44 crore for the half year.
Regulatory and governance context
- Results include disclosures as per SEBI Listing Obligations and Disclosure Requirements Regulations.
- Board meeting approving results commenced at 11:00 A.M. and concluded at 02:25 P.M. on October 30, 2026.
- No deviation or variation in use of proceeds of non-convertible debentures issued by the company.
- Security cover is available as mandated under applicable SEBI regulations.
Highlights
- Profit before tax for half year ended September 30, 2026: ₹11,611.44 crore.
- Total income for half year: ₹86,116.52 crore, including ₹84,905.19 crore revenue from operations.
- Quarterly profit before tax: ₹5,838.21 crore, with revenue from operations at ₹45,923.57 crore.
- Ongoing legal contests with PNGRB tariff orders and Central Excise Department’s claim of ₹2,889 crore plus interest.
- Independent auditors issued limited review report with no modifications except emphasis on regulatory matters.
- Interim financial results of certain exploration and production operations based on operator statements and not audited separately.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 - Interim Financial Reporting
- Companies Act, 2013
Source Information
More News on Financial Results
View allLatest corporate announcements and market updates in Financial Results.
Navin Fluorine International Ltd Reports ₹269.24 Crore Q2 Profit and Declares ₹8 Interim Dividend for FY2026-27
Navin Fluorine International Limited released its unaudited consolidated financial results for the quarter and half year ended September 30, 2026. The company recorded a profit after tax of ₹269.24 crore for the quarter and declared an interim dividend of ₹8 per equity share for the fiscal year 2026-27.
Read Full Story
Max Healthcare Announces Q2 FY2027 Results and ₹190 Crore Expansion for Noida and Vaishali Hospitals
Max Healthcare Institute Limited approved its unaudited financial results for the quarter and half year ended September 30, 2026, and sanctioned ₹93 crore and ₹97 crore capital expenditure for upgrading hospitals at Noida and Vaishali, respectively. The company also revised the Gurugram hospital project's cost to ₹1,143 crore with a new completion timeline of April 2027.
Read Full Story
Sun Pharmaceutical Posts Rs 8,712.9 Million Profit in Q2 FY2026-27 with Revenue Rs 61,419.2 Million
Sun Pharmaceutical Industries Limited announced its unaudited standalone financial results for the quarter and half year ended 30 September 2026, posting a net profit of Rs 8,712.9 million for the quarter on total revenue of Rs 61,419.2 million from operations. The results include an exceptional item of Rs 315.3 million.
Read Full Story
