GAIL Q2 profit jumps 139% to Rs 4,720 crore; board clears GAIL Gas IPO
GAIL Q2 results: consolidated profit jumped 139% to Rs 4,720 crore and revenue rose 32.7%; the board approved an IPO of subsidiary GAIL Gas.
GAIL Q2 results showed a 139.3% year-on-year rise in consolidated net profit to Rs 4,720 crore for the September quarter of FY27 at the state-owned gas utility. Revenue from operations grew 32.7% compared with the same quarter last year.
GAIL Q2 results and the GAIL Gas IPO
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
Track upcoming listings on our IPO calendar and read more quarterly results news.
Frequently asked questions
What were GAIL's Q2 FY27 results?
Consolidated net profit rose 139.3% to Rs 4,720 crore and revenue from operations grew 32.7% year-on-year.
Is GAIL Gas launching an IPO?
GAIL's board approved an IPO of GAIL Gas Ltd with up to 25% equity dilution; timing, size and price band are not yet announced.
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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