GAIL (India) Revenue History — Quarter by Quarter

GAIL (India)'s revenue moved from ₹32,755 Cr in Q1 FY24 to ₹35,173 Cr in Q3 FY26, a 7.4% change over 10 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY26	₹35,173 Cr	-2.5%
Q2 FY26	₹35,537 Cr	+7%
Q1 FY26	₹35,369 Cr	—
Q4 FY25	₹36,440 Cr	+7%
Q3 FY25	₹36,887 Cr	—
Q2 FY25	₹33,861 Cr	—
Q1 FY25	₹34,738 Cr	+5%
Q3 FY24	₹34,678 Cr	—
Q2 FY24	₹32,986 Cr	—
Q1 FY24	₹32,755 Cr	-1%

What management said about revenue

Q3 FY26 · FY26 gas transmission volume guidance of 124-125 MMSCMD

Management expects to achieve the lower end of the guided range, with December exit at 128.65 MMSCMD.

Q3 FY26 · FY26 gas marketing PBT guidance of INR 4,000 crore+

Despite HH volatility, management maintains marketing margin guidance of INR 4,000 crore+ for FY26.

Q3 FY26 · FY27 gas transmission volume target of 134-135 MMSCMD

Driven by CGD growth (4 MMSCMD), power sector recovery (2 MMSCMD), and new refinery demand (3 MMSCMD).

Q2 FY26 · FY26 gas transmission volume guidance revised to 123-124 mmscmd

Management lowered full-year transmission volume guidance from earlier expectations to 123-124 mmscmd due to power demand weakness, refinery fuel switching, and pipeline outages.

Q2 FY26 · FY27 gas transmission volume target of 133-134 mmscmd

Management expects FY27 volumes to increase by 8-10 mmscmd driven by CGD growth, power recovery, new pipelines, and refinery demand.

Q2 FY26 · Gas marketing PBT guidance of INR 4,000-4,500 crore for FY26

Management reiterated the annual PBT guidance for the gas marketing segment, with H1 PBT at INR 2,221 crore, indicating confidence in achieving the target.

Q2 FY26 · FY27 gas marketing PBT expected at similar level of INR 4,000-4,500 crore

Management guided that next year's gas marketing PBT will be around the same level as FY26, with no new major additions expected.

Q1 FY26 · Marketing margin guidance maintained at INR 4,000-4,500 crore for FY26

Management reiterated the annual marketing margin guidance of INR 4,000-4,500 crore, with Q1 contributing INR 994 crore.

Q1 FY26 · Gas transmission volume revised down to 127-128 MMSCMD for FY26

Revised guidance from 132 MMSCMD to 127-128 MMSCMD due to lower refinery, power, and fertilizer demand.

Q1 FY26 · FY27 transmission volume expected at 135-136 MMSCMD

Next year's volume expected to recover driven by CGD growth and new pipeline connections.

Q4 FY25 · FY26 transmission volume guidance of 138-139 MMSCMD

Management expects gas transmission volume to average 138-139 MMSCMD in FY26, driven by CGD growth and new plant connections.

Q4 FY25 · FY26 marketing PBT guidance of INR 4,000-4,500 crore

Gas marketing segment is expected to generate a minimum PBT of INR 4,000-4,500 crore in FY26, consistent with prior guidance.