GAIL Q2 profit jumps 139% to Rs 4,720 crore; board clears GAIL Gas IPO
GAIL's consolidated profit more than doubled in Q2FY27 and its board approved listing subsidiary GAIL Gas with up to 25% equity dilution.
State-owned gas utility GAIL (India) reported a 139.3% year-on-year rise in consolidated net profit to Rs 4,720 crore for the September quarter of FY27. Revenue from operations grew 32.7% compared with the same quarter last year.
Alongside the results, GAIL’s board approved an initial public offering (IPO) of its subsidiary GAIL Gas Ltd on Indian stock exchanges. The listing would involve diluting up to 25% of the subsidiary’s equity.
As part of the restructuring, GAIL plans to transfer six of its city gas distribution (CGD) networks to GAIL Gas by January 1, 2027. City gas distribution covers piped natural gas to homes and businesses and CNG for vehicles.
The IPO timing, size and price band have not yet been announced.
Key numbers
- Consolidated net profit: Rs 4,720 crore (+139.3% YoY)
- Revenue from operations: +32.7% YoY
- GAIL Gas IPO: up to 25% equity dilution
- CGD networks moving to GAIL Gas: 6, by January 1, 2027
This article is a summary for information only and is not investment advice. Figures are as reported by the sources above; please verify with the original filing or report before making any decision.
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