GAIL Faces Profit Dip Amid Petrochemical Losses
GAIL (India) Ltd reported a 6% decline in its March quarter net profit due to losses in the petrochemical sector and reduced gas marketing margins. Despite challenges, the company achieved its highest-ever EBITDA and profit milestones. A final dividend was declared, and city gas licenses will be consolidated under GAIL Gas Ltd.
- Country:
- India
State gas utility GAIL (India) Ltd experienced a 6% drop in net profit for the March quarter, attributed to losses in the petrochemical sector and lower gas marketing margins, according to a recent stock exchange filing.
Despite these setbacks, GAIL reported record revenue from operations of Rs 1.37 lakh crore in fiscal year 2025, highlighting a 28% increase in profit after tax and the highest-ever EBITDA in its history.
The company plans to transfer city gas licenses for six geographical areas to subsidiary GAIL Gas Ltd, aiming for greater efficiency and a retail-focused approach, pending Cabinet approval.
(With inputs from agencies.)
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