State-owned gas utility GAIL (India) Ltd on Friday reported an 18 per cent drop in September quarter net profit as petrochemical margins came under pressure in a quarter with flattish volumes.

Standalone net profit of Rs 2,823.19 crore in the July-September period -- the second quarter of the 2025-26 fiscal year -- compared with Rs 3,453.12 crore earning in the same period last year, according to a stock exchange filing by the company.

While earnings from its natural gas transmission as well as marketing business ere flattish, petrochemical business posted a nearly Rs 300 crore pre-tax loss on margin pressures.

Revenue from operations rose to Rs 35,031 crore from Rs 32,930.72 crore in July-September 2024.

For half year (April-September), net profit fell 24 per cent to Rs 4,103.56 crore

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