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Earnings Call Transcript

Indraprastha Gas Earnings Call Transcript: Key Takeaways

Volumes grew about 8% and daily sales hit a record 10.06 MMSCMD, but costly spot LNG drove a negative EBITDA of about ₹31 Cr. Management stayed vague on margin recovery and offered no breakeven price.

Highlights
Revenue growthTurnover ~₹5,600 Cr, up ~26%; H1 turnover above ₹10,000 Cr.
MarginsEBITDA negative ~₹31 Cr; industrial margin ~₹7–8/SCM stated.
Demand visibilityCNG additions ~27,000 vehicles monthly; July CNG registrations ~25% of new vehicles.
Management confidenceBalanced; optimistic on volumes, guarded on margins and spot gas.

Growth

Volumes +8% YoY (CNG ~9%, PNG ~8%); turnover ~₹5,600 Cr, up ~26%, while EBITDA turned negative.

Outlook

H1 capex ₹712 Cr; similar H2 spend planned. Volume guidance 6–7%; aspires to double-digit growth.

Risks

Spot LNG ~15% of mix, with spot above $30/MMBTU. EV mandates may remove ~200,000 kg/day of CNG demand by 2030.

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
₹141.97
Market cap
₹19,876 Cr
Revenue (annual)
₹16,168 Cr
Net profit (annual)
₹1,550 Cr
P/E (TTM)
19.9×Sector 21.9×
Promoter holding
45.00%+0.00% QoQ
FII holding
9.73%Current quarter

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

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