More Stories

Informist, Monday, Apr. 28, 2025

 

Please click here to read all liners published on this story

--Indraprastha Gas Jan-Mar net profit INR 3.49 bln 
--Analysts saw Indraprastha Gas Jan-Mar net profit INR 3.07 bln 
--Indraprastha Gas Jan-Mar net profit INR 3.49 bln vs INR 3.83 bln year ago 
--Indraprastha Gas Jan-Mar revenue INR 43.41 bln vs INR 39.64 bln year ago 
--Indraprastha Gas to pay INR 1.5 per share final dividend for FY25 
--Indraprastha Gas FY25 net profit INR 14.68 bln vs INR 17.48 bln year ago 
--Indraprastha Gas FY25 revenue INR 164.66 bln vs INR 154.57 bln year ago 
--Indraprastha Gas Jan-Mar EBITDA INR 4.97 bln vs INR 5.23 bln year ago 
--Indraprastha Gas Jan-Mar EBITDA margin 13% vs 15% year ago 
--Indraprastha Gas Jan-Mar total volumes 826.40 mscm vs 794.22 mscm yr ago 
--Indraprastha Gas Jan-Mar total volumes up 4% on year 
--Indraprastha Gas Jan-Mar CNG volumes 603.64 mscm vs 579.91 mscm year ago 
--Indraprastha Gas Jan-Mar PNG volumes 222.46 mscm vs 214.28 mscm year ago 
--Indraprastha Gas Jan-Mar CNG revenue INR 32.74 bln vs INR 29.61 bln yr ago 
--Indraprastha Gas Jan-Mar PNG revenue INR 10.47 bln vs INR 9.88 bln yr ago 
 

 

By Sandeep Sinha

 

MUMBAI – Indraprastha Gas Ltd. Sunday reported better-than-expected net profit for the March quarter due to higher sales of compressed and piped natural gas. However, the net profit of the gas distribution company for Jan-Mar fell on year for the fourth consecutive quarter due to higher cost of procuring natural gas, along with slightly higher depreciation and amortisation costs, and excise duty.

 

Indraprastha Gas reported a consolidated net profit of INR 3.49 billion for the March quarter, down nearly 9% on year, but up 22% sequentially. The company's bottom line exceeded analysts' estimates of INR 3.07 billion net profit for the March quarter. 

 

The gas distributor reported a revenue of INR 43.40 billion, up 9.5% on year for the March quarter, beating analysts' estimate of INR 38.27 billion. Sequentially, the revenue grew 4.7%. Indraprastha Gas primarily supplies piped natural gas to households for cooking and for use in automobiles as a fuel in the National Capital Region and other areas.

 

The company's outperformance on the sales front was led by a nearly 11% rise in revenue from selling compressed natural gas, which rose to INR 32.74 billion during the quarter. It also reported higher revenue from piped natural gas during the quarter, which rose 6% on year to INR 10.47 billion.

 

The company's earnings before interest, taxes, depreciation, and amortisation for the reporting quarter fell 5% on year to INR 4.97 billion. The Street has expected EBITDA to decline 20% on year. Indraprastha Gas' EBITDA margin for the March quarter was 13% compared to 15% a year ago, and declined to 13% for the financial year ended March from 17% in year-ago period.

 

Higher cost of natural gas was the major reason behind the drop in profitability during the quarter. Indraprastha Gas spent INR 29.42 billion on purchasing natural gas, an increase of over 15% on year compared with the previous year. Its depreciation and amortisation expense rose 8% on year to INR 1.2 billion. Its total expenditure, including finance costs, rose 11.5% on year to INR 39.66 billion in Jan-Mar.

 

The company announced an interim dividend of INR 1.50 per share, subject to shareholders' approval in the annual general meeting, the company said. 

 

Indraprastha's sales volume of domestic piped natural gas rose 5% on year to 68.32 million standard cubic metres in the reporting quarter. Sales volume of compressed natural gas rose 4% on year to 603.64 million standard cubic metres on year. Total sales volumes, including piped natural gas and compressed natural gas, increased 4% on year to 826.40 million standard cubic metres in the March quarter.

 

On Friday, shares of Indraprastha Gas closed 3.9% lower at 178.20 rupees on the National Stock Exchange. End

 

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.