GAIL reported an increase in net profit for the September quarter, according to NDTV Profit, which put the figure at Rs 4,650 crore, up 8% from the previous quarter. The state-run gas company's board also approved a listing for GAIL Gas, a move reported by CNBC TV18 and The Economic Times.
Coverage of the results varied on the year-on-year comparison. The Economic Times reported profit at Rs 4,720 crore, a jump of 139% from a year earlier, alongside revenue growth of 33%. NDTV Profit's headline figure was Rs 4,650 crore. The two outlets described the quarter differently, and the discrepancy in the numbers was not explained in the available reporting.
TradingView reported that GAIL's standalone profit after tax for the first half of FY27 reached Rs 6,584 crore, noting a decline in natural gas supply. Business Today reported that GAIL shares gained more than 3% following the earnings, while CNBC TV18 said the stock rose after the results beat expectations.
Separately, shares of Reliance Industries fell ahead of its own quarterly earnings, NDTV Profit reported. No figures for Reliance were given in the available material.
The GAIL Gas listing approval is the item to watch, with details of the offering yet to be disclosed.
