Earnings Review
Indraprastha Gas PAT down 11% YoY as natural gas costs rise
This story was originally published at 18:56 IST on 30 July 2025
Register to read our real-time news.Informist, Wednesday, Jul. 30, 2025
Please click here to read all liners published on this story
--Indraprastha Gas Apr-Jun net profit INR 3.56 bln
--Analysts saw Indraprastha Gas Apr-Jun net profit at INR 3.93 bln
--Indraprastha Gas Apr-Jun net profit INR 3.56 bln vs INR 4.01 bln year ago
--Indraprastha Gas Apr-Jun revenue INR 43.27 bln vs INR 38.88 bln year ago
--Indraprastha Gas Q1 natural gas cost INR 29.3 bln vs INR 24.8 bln yr ago
--Indraprastha Gas Apr-Jun EBITDA INR 5.12 bln vs INR 5.82 bln year ago
--Indraprastha Gas Apr-Jun EBITDA down 12% on year
--Indraprastha Gas Apr-Jun EBITDA margin 13% vs 17% year ago
--Indraprastha Gas Apr-Jun total volumes 830.87 mscm vs 785.98 mscm year ago
--Indraprastha Gas Apr-Jun total volumes up 6% on year
--Indraprastha Gas Apr-Jun CNG volumes 617.63 mscm vs 587.14 mscm year ago
--Indraprastha Gas Q1 PNG domestic volumes 67.31 mscm vs 60.87 mscm year ago
--Indraprastha Gas Q1 PNG industrial volumes 100.26 mscm vs 92.08 mscm yr ago
By J. Navya Sruthi
MUMBAI – Indraprastha Gas Ltd.'s net profit fell in the June quarter from a year ago due to a rise in the company's costs in natural gas purchases. The year-on-year fall in net profit was the most in nearly five years. The natural gas purchase costs rose the most in seven quarters in Apr-Jun.
The profit after tax for the June quarter fell by over 11% on year to INR 3.56 billion. The net profit for the quarter was below the analysts' estimate of INR 3.93 billion. The company's revenue from operations rose over 11% on year to INR 43.27 billion during the quarter.
The company's total expenses, excluding excise duty, grew over 15% on year to INR 35.28 billion in the June quarter. Excise duty rose over 11% on year to INR 4.13 billion. The rise in the company's total expenses is due to higher natural gas prices during the quarter. The value of purchase of stock-in-trade of natural gas rose nearly 18% on year to INR 29.28 billion in the June quarter.
Purchase of natural gas accounts for nearly 83% of the company's total expenses, excluding excise duty. Employee benefit expenses rose nearly 12% on year to INR 566 million for the quarter. Depreciation and amortisation expenses rose over 8% on year to INR 1.24 billion while other expenses rose nearly 3% on year to INR 4.17 billion in the June quarter.
On a sequential basis, the company's net profit rose nearly 2% from INR 3.49 billion, because of price hikes undertaken by the company. In May, the gas distributor increased compressed natural gas prices by INR 1 per kilogram to INR 77.09 per kg in Delhi and surrounding regions. The CNG volumes from Delhi account for almost 68% of the company's total sales, according to reports.
The company's earnings before interest, taxes, depreciation, and amortisation for the reporting quarter was INR 5.12 billion, down 12% on year. The EBITDA margin was at 13% in the June quarter compared to 17% in the year-ago quarter.
SEGMENT-WISE PERFORMANCE
The company's compressed natural gas sales volume in the June quarter was 617.63 million standard cubic metres, up 5% on year. The CNG business roughly contributes 70-75% to the company's overall sales volume.
Piped natural gas sales volume for the domestic users rose 11% on-year to 67.31 mscm, while sales to industrial and commercial users rose 9% on-year to 100.26 mscm. Natural gas sold by Indraprastha Gas remained unchanged at 46 mscm. Overall, the sales volume for the quarter-ended Jun. 30 was 830.87 mscm, up 6% on-year.
Net of excise duty, the company's revenue from CNG sales rose 11% on year to INR 28.97 billion in the June quarter. Revenue from piped natural gas sales increased 13% on-year to INR 10.07 billion.
On Wednesday, shares of the company ended at INR 203.17 on the National Stock Exchange, down 1.4% from the previous close. The company announced its earnings after market hours. End
Edited by Saji George Titus
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.
To read more please subscribe
Share this Story:
