New Delhi, May 21 -- State-run GAIL (India) reported a weak performance for the March quarter and full FY26, weighed down by a decline in revenue and a sharp fall in contribution from joint ventures and associates.

For the March quarter (Q4FY26), the company's consolidated revenue from operations declined marginally to Rs.35,705 crore from Rs.36,549 crore in the same period last year. Total income also slipped to Rs.36,497 crore compared to Rs.36,944 crore in Q4FY25.

The pressure on earnings was more visible at the profitability level. Profit before tax dropped sharply to Rs.1,966 crore from Rs.3,240 crore in the year-ago quarter.

The decline was largely due to a sharp fall in the share of profit from associates and joint ventures, whi...