NIFTY 50 Market News

GAIL Q2 profit surges over two fold YoY to 4,650 cr despite global disruptions — GAIL (India) has reported a remarkable increase in net profit, reaching ₹4,650 crore for the September quarter, more than double from the previous year. This growth is attributed to heightened gas marketing margins amid global energy supply disruptions. Revenue also surged by 31% to ₹45,924 crore. Furthermore, GAIL has moved forward with plans to list its subsidiary GAIL Gas, enhancing its stock value by 1.7% to ₹168 per share.

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.

GAIL Gas begins process to appoint bankers for up to ₹3,100 crore IPO — The city gas distribution company, a wholly owned subsidiary of GAIL (India) Ltd, is seeking up to four book-running lead managers, with bids expected to come in by early October.

GAIL Q1 Results: Net profit jumps 96% to ₹4,671 crore; revenue rises 17% YoY — GAIL (India) reported a strong Q2 with a PAT of ₹4,671 crore, a 96.1% YoY increase. Revenue rose 16.7% YoY to ₹41,350 crore. Natural Gas Marketing was the top contributor, generating ₹43,558 crore.