GAIL (India)

GAIL's Q3 FY26 standalone PAT fell 58.5% YoY to INR 1,603 croreCurrent reported value: INR 1,603 crore. No comparable prior figure is available in the source record., largely due to a high base from last year's exceptional arbitration gain of INR 2,440 crore. Revenue was flat at INR 34,030 croreCurrent reported value: INR 34,030 crore. No comparable prior figure is available in the source record.. Gas transmission volume recovered to 125.45 MMSCMDCurrent 125.45 MMSCMD. Reported change: +1.5% QoQ. (up 1.5% QoQ), driven by fertilizer, refinery, and CGD demand, while gas marketing PBT guidance for FY26 remains at INR 4,000 crore+Current reported value: INR 4,000 crore+. No comparable prior figure is available in the source record.. The petrochemical segment posted a loss of INR 483 crore due to higher Henry Hub-linked feedstock costs and lower polymer prices. Management expects transmission volume to reach 134-135 MMSCMD in FY27 and maintains a cautious outlook on marketing margins. Key risks include sustained high HH prices impacting petchem and marketing margins, and potential delays in tariff review outcomes.