GAIL Q3 Results: Gas Marketing EBIT Plunges, Petchem Losses Widen

• GAIL (India) Ltd. reported a 27.6% revenue decline to ₹1,602.6 crore in Q3.
• Overall revenue fell 2.7% to ₹34,075.8 crore year-on-year.
• EBITDA decreased by 17% to ₹2,655.2 crore, with margins contracting to 7.8%.
• Natural Gas Marketing EBIT dropped 34% to ₹853.2 crore from the September quarter.
• Petrochemicals business EBIT loss widened significantly to ₹482.6 crore.

Why It Matters: GAIL's Q3 performance saw a sharp decline in gas marketing EBIT and widening petrochemical losses.