GAIL.NS Stock Today: January 31 Dividend Declared After Q3 Profit Falls
GAIL Q3 results are in focus after the PSU reported consolidated net profit of ₹1,602.57 crore for Q3 FY26, down 27.7% sequentially on softer revenue. Shares of GAIL.NS closed at ₹167.29 on January 30. The board announced a ₹5 per share GAIL interim dividend, while the January 1 pipeline tariff hike could aid margins in H2. We break down Q3 numbers, dividend math, tariff impact, and key trading levels for Indian investors.
Q3 FY26: numbers that matter
GAIL Q3 results showed consolidated net profit of ₹1,602.57 crore, a 27.7% quarter-on-quarter decline amid softer revenue. Profitability moderated versus Q2 as marketing spreads and volumes likely eased, while petrochemicals remain cyclical. Headline figures and dividend were reported in live market updates on NDTV Profit. We await full management commentary for deeper segment colour.
Despite the sequential dip, fundamentals stay sound. Trailing metrics indicate net profit margin of 7.57% and return on equity of 12.75%. Interest coverage is strong at 22.83x, while net debt to EBITDA is 1.49x, supporting ongoing capex and pipeline additions. These figures suggest adequate headroom to fund growth and dividends without straining leverage.
Beyond headline earnings, investors should track gas transmission volumes, LNG sourcing costs, and petrochemical realizations in Q4. Any update on marketing margins and spot LNG exposure will guide FY26 exit run-rate. Clarity on domestic gas pricing and allocation to priority sectors can also influence utilization, spreads, and therefore earnings trajectory into FY27.
Dividend update and cash returns
The board approved a ₹5 GAIL interim dividend per share. At ₹167.29, this implies an immediate yield of about 3.0% for eligible shareholders. The announcement was also flagged by PSU Connect. The payout reinforces the company’s steady cash return profile, even with a softer quarter, and should support income-oriented interest near term.
The record date and payment timelines will be confirmed via stock exchange filings. Investors should verify the official notice on NSE/BSE once published and align buy or ex-dividend decisions accordingly. If you plan to capture the payout, monitor the ex-date once declared, and factor in potential price adjustment on the ex-dividend day.
GAIL’s trailing dividend yield stands at 4.48%, reflecting consistent distributions over the last year. The interim payout, plus stable cash generation from regulated transmission, supports the dividend outlook. Future distributions will depend on commodity spreads, volumes, and capital needs for pipelines and petrochemicals, but current leverage suggests flexibility.
Pipeline tariff hike and EBITDA outlook
A pipeline tariff hike effective January 1 is positive for transmission earnings. Regulated tariff adjustments typically flow through to EBITDA, partly offsetting volatility in marketing or petrochemicals. The change should help H2 FY26 operating margins, provided volumes remain steady and receivables cycles do not elongate materially.
Transmission benefits rely on throughput. Stable or improving utilization can amplify tariff gains. Conversely, lower industrial demand or maintenance outages can dull the uplift. Watch gas offtake in power and fertilizer, any scheduled shutdowns, and customer mix. These inputs will shape the EBITDA impact visible from Q4 onwards.
Commodity swings, LNG spot prices, and global petrochem spreads remain core risks. However, regulated transmission, long-term contracts, and diversified segments provide buffers. Clear disclosure on volumes and tariff realization in the results note or call will help quantify the hike’s contribution to earnings durability into FY27.
Stock performance, valuation, and levels
The stock closed at ₹167.29 on January 30, down 0.05% day-on-day. One-year return is 10.77%, while three-month return is -8.63%. The 52-week range is ₹150.52–₹202.79. Market capitalization stands at about ₹1,09,994.51 crore. Average volume trends remain healthy, providing reasonable liquidity for retail allocations and systematic plans.
On trailing numbers, the shares trade at 10.08x PE and 1.25x PB. EV/EBITDA is 9.44x, indicating a reasonable multiple versus defensive utilities with regulated earnings. Balance sheet quality is supported by net debt to EBITDA of 1.49x. These levels reflect moderate growth expectations, with potential upside from tariff gains and stable cash flows.
Momentum is soft with RSI at 40.73 and ADX at 14.93, indicating no strong trend. Bollinger Bands place lower, middle, and upper levels at ₹166.74, ₹170.47, and ₹174.19. Near-term, ₹166–₹165 (day low ₹165.21) is support, while ₹170–₹174 is resistance. A close above ₹174 could open room toward ₹180.
Final Thoughts
GAIL Q3 results deliver a mixed picture: profit at ₹1,602.57 crore fell 27.7% quarter-on-quarter, yet the ₹5 interim dividend and the January 1 pipeline tariff hike support near-term cash flows. For income seekers, the implied dividend yield at current prices is attractive, while trailing yield sits at 4.48%. Traders can watch ₹166–₹165 as support and ₹170–₹174 as resistance into the results call and filings. Longer-term investors should track transmission volumes, LNG sourcing costs, and petrochemical spreads that shape FY26–FY27 earnings. Confirm the record date from exchange disclosures before dividend capture strategies.
FAQs
What are the key highlights of GAIL Q3 results?
GAIL Q3 results showed consolidated net profit of ₹1,602.57 crore, down 27.7% sequentially due to softer revenue. The board declared a ₹5 per share interim dividend. Investors should watch transmission volumes, LNG sourcing costs, and petrochemical realizations for Q4 trends and updates on the impact of the pipeline tariff hike.
What is the GAIL interim dividend and its yield?
The board declared a ₹5 per share GAIL interim dividend. At ₹167.29, the implied near-term yield is about 3.0% for eligible shareholders. This payout complements the company’s steady distribution record and may support the stock near term, subject to ex-date pricing adjustments.
Has GAIL announced the record date for the interim dividend?
The record date has not been disclosed in the shared updates. Investors should verify the official record date and payment timelines via NSE/BSE filings once the company posts its notice. Plan any dividend capture strategy only after confirming the ex-date from the exchange.
How does the pipeline tariff hike affect earnings?
The pipeline tariff hike effective January 1 should aid transmission EBITDA, partially offsetting volatility in marketing and petrochemicals. The actual impact depends on throughput and customer mix. Expect clearer quantification in the detailed results note or management commentary for Q4 and beyond.
What are the key levels to watch for GAIL stock?
Near-term support sits around ₹166–₹165 (with a recent low at ₹165.21). Resistance is near ₹170–₹174, aligned with Bollinger middle and upper bands. A sustained close above ₹174 could signal momentum toward ₹180, while a break below ₹165 may invite more caution.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
