GAIL receives ₹143-crore GST demand order

GAIL (India) Ltd on Wednesday disclosed that it has received a GST demand order of ₹143.08 crore from the office of the additional commissioner, CGST, Delhi South Commissionerate.

The order-in-original, received on December 10, 2025 at 5 pm, alleges non-payment of GST on corporate guarantees issued by GAIL to banks on behalf of its subsidiaries and joint ventures, even when no consideration was charged.

The order also includes penalties, taking the total demand to ₹143,08,40,592.

Q2 results

The state-owned

gas utility posted a 17.6% sequential rise in net profit, which increased to ₹2,217 crore, up from ₹1,886 crore in the previous quarter and higher than the CNBC-TV18 poll estimate of ₹2,063 crore.

Revenue for the quarter stood at ₹35,008 crore, slightly higher than ₹34,769 crore in Q1 and above analyst expectations of ₹34,429 crore.

EBITDA came in at ₹3,191 crore, lower than ₹3,334 crore in the previous quarter but ahead of the Street’s estimate of ₹3,071 crore. Operating margin for the quarter was 9.1%, compared with 9.6% in Q1, yet higher than the expected 8.2%.

Shares of GAIL (India) Ltd ended higher on Thursday, December 11, by 0.38% at ₹168.66 on the NSE.

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