GAIL Q1 Results | Profit falls 31%, misses estimates; ₹5,000-cr LPG pipeline expansion cleared

State-owned gas utility GAIL (India) Ltd on Monday (July 28) reported a 30.77% year-on-year (YoY) decline in net profit at ₹1,886 crore for the first quarter that ended on June 30, 2025.In the corresponding quarter of the previous fiscal, GAIL India posted a net profit of ₹2,723.98 crore. The CNBC-TV18 poll had predicted a profit of ₹1,978 crore for the quarter under review.
Revenue came in at ₹34,768 crore for the April-June quarter, slightly above the CNBC-TV18 poll estimate of ₹34,474 crore.
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EBITDA for the quarter stood at ₹3,334 crore, marginally below the Street estimate of ₹3,389 crore. The company’s EBITDA margin was 9.6%,  a bit lower than the projected 9.8%.Sandeep Kumar Gupta, Chairman and Managing Director of GAIL, said the company has incurred a capex of ₹3,176 crore during the current quarter, mainly on pipelines, petrochemicals, equity contribution to JVs, etc.

Gupta also informed that GAIL has got PNGRB’s authorisation for capacity expansion of the Jamnagar-Loni LPG pipeline from 3.25 MTPA (million tonnes per annum) to 6.5 MTPA, involving an estimated capex of ₹5,000 crore and is expected to be completed within three years. This project will cut down on CO2 emissions significantly and reduce road mishaps and leaks.

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The results came after the close of the market hours. Shares of GAIL (India) Ltd ended at ₹180.45, down by ₹3.10 or 1.69%, on the BSE.