The Economic Times

GAIL Q2 Results: Profit zooms 139% YoY to Rs 4,720 crore, revenue rises 33%; board approves GAIL Gas IPO

GAIL (India) has revealed a whopping 139.3% surge in its consolidated net profit for the FY27 September quarter, showcasing impressive operational revenue growth of 32.7% year-on-year. The board has sanctioned the IPO listing of its subsidiary GAIL Gas Ltd. on Indian stock exchanges, facilitating a 25% equity dilution. In a strategic move, GAIL will also transition six city gas distribution networks to its subsidiary by January 1, 2027.