Q4 Results: GAIL India Surges Nearly 3% to a 5-Session High

Mumbai, May 22: GAIL India (NSE: GAIL) staged a strong recovery on Thursday, with the stock climbing steadily through the entire session to post its best single-day gain in several weeks as investors responded positively to a sharp improvement in Q4 FY26 earnings.

The stock opened at ₹153 a gap-down of nearly ₹3 from its previous close of ₹155.90 before buyers stepped in decisively from 9:30 am, driving a near-uninterrupted climb that took the counter from its session low of ₹151.41 to an intraday high of ₹160.64 over the course of the day.

The LTP stood at ₹160.52, up ₹4.62 or 2.96% from the previous close, with the indicative close at ₹160.19, confirming a broad-based buying session that saw the stock recover all of its opening loss and push well above the previous close by the afternoon. The VWAP for the session stood at ₹157.09, comfortably below the LTP indicating that the day’s gains accelerated through the second half of the session as institutional buying gathered pace.

The order book at the time of writing showed a strong 59.82% buy-side dominance versus 40.18% sell, with total buy quantity of 10,74,185 shares significantly outweighing the 7,21,397 shares on the sell side a clear signal that the buying interest remains active heading into the closing auction.

Weekly Trend

The weekly chart tells a story of a stock under steady distribution pressure before Thursday’s sharp reversal. GAIL opened the week of May 15 around ₹162, held near that level through May 18, before a sharp single-session drop pulled the stock down to approximately ₹155.90 on May 19 erasing nearly four sessions of accumulated gains in one move.

The counter then consolidated flat at ₹155.90 through May 20, attracting little directional activity, before Thursday’s results-driven surge carried it back to ₹160.52 effectively reclaiming the ground lost over the prior two sessions.

The recovery confirms that ₹155–₹156 is acting as a strong demand zone for the stock, and the sharp Thursday rebound suggests that the mid-week pullback was driven by broader market risk-off sentiment rather than any fundamental deterioration in the company’s outlook.

Q4 FY26 Consolidated Results

GAIL delivered a significantly stronger Q4 FY26 consolidated performance, with revenue from operations jumping to ₹35,705.49 crore from ₹36,549.35 crore in Q4 FY25 a marginal 2.3% year-on-year decline at the top line, reflecting lower traded gas prices but total income for the quarter rose to ₹36,496.91 crore from ₹36,943.51 crore in Q4 FY25.

The more significant improvement came at the profitability level: net profit for Q4 FY26 came in at ₹1,481.46 crore, a sharp 40.9% decline from ₹2,505.61 crore in Q4 FY25 on a reported basis however, this comparison is significantly distorted by exceptional items in the base quarter. Profit before tax for Q4 FY26 stood at ₹1,966.37 crore, and total expenses for the quarter were ₹34,988.73 crore against ₹33,983.26 crore in Q4 FY25, with purchase of stock in trade rising materially to ₹27,833.29 crore from ₹29,125.69 crore.

FY26 Full-Year Consolidated Results

For the full year FY26, GAIL’s consolidated revenue from operations grew to ₹1,42,094.30 crore from ₹1,42,289.62 crore in FY25 broadly flat at the top line while total income for the year stood at ₹1,43,604.44 crore against ₹1,43,559.06 crore in FY25.

Full-year net profit came in at ₹7,581.52 crore for FY26, compared to ₹12,462.87 crore in FY25 a 39.2% decline year-on-year, with the FY25 figure significantly elevated by exceptional items of ₹2,440.03 crore that do not recur in FY26. Profit before tax for the full year stood at ₹9,725.22 crore versus ₹16,095.51 crore in FY25, with total expenses of ₹1,35,383.43 crore for FY26 against ₹1,31,406.82 crore in FY25. No dividend announcement or bonus share issuance was mentioned in the financial results statement available at the time of this report.

Source:

• https://www.nseindia.com/get-quote/equity/GAIL/GAIL-(India)-Limited