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Earnings Call Transcript

Indraprastha Gas Earnings Call Transcript: Key Takeaways

IGL delivered record quarterly turnover exceeding ₹5,000 crore despite geopolitical headwinds, but faces long-term volume pressure from Delhi’s EV policy transitioning commercial fleets away from CNG.

Highlights
Revenue growthTurnover rose 16% YoY to ₹5,028 crore; volumes grew 6%.
MarginsMargins under pressure due to high gas costs and geopolitical volatility.
Demand visibilityStrong conversion rates continue with 27,300 new CNG vehicles monthly.
Management confidenceCautiously optimistic; focusing on new geographies to offset Delhi EV policy.

Growth

Volume grew 6% YoY to 9.66 MMSCMD, driven by strong 27% growth in new geographical areas and 11% overall CNG growth.

Outlook

Planned capex of ₹1,800–2,000 crore for infrastructure expansion, targeting steady long-term EBITDA of ₹7-8 per SCM.

Risks

Delhi's EV policy mandates 100% electric for three-wheelers by 2027, threatening 7-8% of total CNG volumes.

Source

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

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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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