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Earnings Call Transcript

GAIL (India) Earnings Call Transcript: Key Takeaways

GAIL delivered a robust Q1 FY27 with PAT soaring 240% QoQ to ₹4,292 crore. Performance was heavily buoyed by temporary arbitrage in gas marketing due to index lags, which management warned will normalize.

Highlights
Revenue growth12% QoQ standalone growth; consolidated revenue reached ₹41,277 crore.
MarginsMarketing margins expanded sharply; expected to normalize as index lags converge.
Demand visibilityStrong; transmission volumes growing 4 MMSCMD QoQ, led by fertilizer/CGD.
Management confidenceConfident but cautious; explicitly flagged that record marketing margins are temporary.

Growth

Standalone revenue grew 12% QoQ to ₹38,912 crore, driven by elevated crude/LPG prices and a 20% volume surge in the Liquid Hydrocarbon (LHC) segment.

Outlook

FY27 natural gas transmission volume guided at 123 MMSCMD. Annual capex planned at ₹11,500 crore.

Risks

Gas marketing margins are vulnerable to normalizing JCC index lags. Geopolitical volatility and high LNG spot prices threaten consistent marketing profitability.

Source

Earnings Call Transcript filed with NSE, NSE: GAIL. Summary written with AI assistance from the document.

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GAIL (India) Ltd: key numbers

Share price
₹172.70
Market cap
₹1,13,552 Cr
Revenue (annual)
₹1,41,598 Cr
Net profit (annual)
₹7,582 Cr
P/E (TTM)
11.5×Sector 25.1×
Promoter holding
51.79%-0.09% QoQ
FII holding
15.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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GAIL (India) Q1 FY27 Results: Net Profit ₹4,671 Cr, Up 96.1% YoY

GAIL (India) Ltd reported revenue from operations of ₹41,350 Cr (+16.7% YoY) and net profit of ₹4,671 Cr (+96.1% YoY) for Q1 FY27.

Key figure
Net profit ₹4,671 Cr · +96.1% YoY