Guidance ledger · Q3 FY26

GAIL (India) Ltd GAIL

4 revisions on record · 3 lowered · 1 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered Gas transmission volume FY26 Q4 FY25 → Q3 FY26

~~138 to 139 MMSCMD~~ → 124 to 125 MMSCMD

“We are hopeful of achieving our gas transmission guidance of 124 to 125 MMSCMD for FY25-26”

↓ lowered Gas marketing PBT FY26 Q4 FY25 → Q3 FY26

~~Rs. 4,500 crores minimum~~ → Rs.4,000 crores+ at PBT level

“We are expecting to achieve marketing margin of Rs. 4,000 crores at PBT level from gas marketing segment in FY26”

↓ lowered Gas transmission volume FY27 Q4 FY25 → Q3 FY26

~~148 MMSCMD~~ → 133 to 135 MMSCMD

“we are expecting at least 134-135 MMSCMD of volume in the coming financial year”

↑ raised Integrated pipeline tariff Q4 FY25 → Q3 FY26

~~Rs. 58 (current) submitted Rs. 77~~ → Rs.65.69 interim approved + Rs.15/MMBTU review pending

“PNGRB has issued an interim revision of natural gas pipeline tariff for GAIL's integrated natural gas pipeline network from Rs.58.61 to Rs.65.69 per MMBTU”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.