GAIL profit dips 17% to ₹2,217 crore; revenue grows on gas volumes

GAIL reported a 17% decline in quarterly net profit to ₹2,217 crore, with revenue up 6% to ₹35,031 crore. The move reflects margin headwinds in the gas marketing portfolio and lower transmission tariffs. Operations benefitted from better petrochem utilization and stable pipeline throughput. The company is expanding LNG sourcing and contracts to diversify supply. Management guided to disciplined capex on pipelines and petrochem projects while watching gas prices plus freight. Shares held steady as the market weighed revenue growth against profitability pressure and an uneven outlook for spreads.