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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.
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.
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.