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Earnings Call

Indraprastha Gas Earnings Call: Key Takeaways

IGL delivered moderate volume growth but faced margin pressure due to high gas costs and geopolitical volatility. Management is pivoting toward aggressive PNG expansion to offset stagnant Delhi CNG volumes.

Highlights
Revenue growth8% YoY growth at ₹17,785 crores for FY26.
MarginsEBITDA margin pressured by 25% input cost hike; targeting ₹7-8/SCM.
Demand visibilityStrong PNG demand visibility supported by government mandate and drive 2.0.
Management confidenceCFO sounds cautious on margins but optimistic on PNG drive success.

Growth

Revenue grew 8% YoY; CND volume rose 5% while PNG domestic volumes surged 9%.

Outlook

Targeting 10.6 MMSCMD exit volume for FY27; planned capex of ₹1400-1500cr per year.

Risks

High input costs (up 25%), EV substitution in Delhi, and potential PNG conversion resistance.

Source

Earnings Call filed with BSE, NSE: IGL. Summary written with AI assistance from the document.

Read the document ↗

Indraprastha Gas Ltd: key numbers

Share price
₹144.95
Market cap
₹20,293 Cr
Revenue (annual)
₹16,168 Cr
Net profit (annual)
₹1,550 Cr
P/E (TTM)
14.9×Sector 25.1×
Promoter holding
45.00%+0.00% QoQ
FII holding
10.16%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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