GAIL India, a major player in the natural gas sector, reported a 15% quarter-on-quarter decline in consolidated profit after tax for the March quarter, amounting to ₹1,485 crore. This drop is attributed to global energy challenges and weaker margins despite stable operational performance. The company's revenue from operations for Q4 FY26 was ₹35,705 crore, up slightly from ₹35,303 crore in the previous quarter. However, EBITDA saw a significant decline, falling to ₹2,703 crore, which is about 25% lower than the ₹3,610 crore recorded in Q3 FY26. On a standalone basis, profit after tax dropped to ₹1,262 crore, down 21.3% from the previous quarter. For the entire fiscal year, GAIL's consolidated profit after tax fell to ₹7,582 crore, marking a 39% decrease from ₹12,450 crore in FY25. The company declared a final dividend of ₹0.5 per share, pending shareholder approval. GAIL's capital expenditure for FY26 was ₹9,594 crore, primarily directed towards pipeline infrastructure and petrochemical projects.