GAIL’s Q1 FY26 revenue grew slightly, but profit declined due to lower gas marketing income and higher capex.

• Revenue rose 1.64% YoY to Rs 35,310.68 crore, with strong growth in city gas but a dip in other segments.
• PBT fell 26.37% YoY to Rs 3,028.84 crore, impacted by weaker performance in key segments like gas marketing.
• GAIL incurred Rs 3,176 crore capex; plans Rs 5,000 crore LPG pipeline upgrade to double capacity and cut emissions.