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Informist, Thursday, Feb. 12, 2026

 

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--Indraprastha Gas Oct-Dec net profit INR 3.59 bln vs INR 2.86 bln year ago
--Analysts saw Indraprastha Gas Oct-Dec net profit INR 3.65 bln
--Indraprastha Gas Oct-Dec revenue INR 44.89 bln vs INR 41.43 bln year ago
--Analysts saw Indraprastha Gas Oct-Dec revenue INR 40.76 bln
--Indraprastha Gas to pay INR 3.25 per share interim dividend 
--Indraprastha Gas interim dividend record date is Feb 19 
--Indraprastha Gas Apr-Dec net profit INR 10.87 bln vs INR 11.18 bln yr ago 
--Indraprastha Gas Apr-Dec revenue INR 132.61 bln vs INR 121.14 bln yr ago 
--Indraprastha Gas Oct-Dec EBITDA INR 4.73 bln vs INR 3.60 bln yr ago 
--Indraprastha Gas Oct-Dec EBITDA margin 12% vs 10% year ago 
--Indraprastha Gas Oct-Dec total volumes 867.18 mscm vs 838.10 mscm yr ago 
--Indraprastha Gas Oct-Dec CNG volumes 637.15 mscm vs 616.25 mscm yr ago 
--Indraprastha Gas Oct-Dec PNG volumes 229.87 mscm vs 221.49 mscm year ago 
--Indraprastha Gas Oct-Dec CNG revenue INR 34.00 bln vs INR 31.17 bln yr ago 
--Indraprastha Gas Oct-Dec PNG revenue INR 10.65 bln vs INR 10.11 bln yr ago 
--Indraprastha Gas Q3 PNG domestic volumes 71.47 mscm vs 66.28 mscm year ago 
--Indraprastha Gas Q3 PNG industrial volumes 112.4 mscm vs 109.2 mscm yr ago

 

By Nandini Sinha and Pallavi Singhal

 

MUMBAI – Indraprastha Gas Ltd. posted a robust rise in net profit for the December quarter, driven by steady growth in volumes and improved operating margins due to lower natural gas prices, even as the bottom line narrowly missed Street expectations.

 

The company's standalone net profit for the December quarter was INR 3.59 billion, up over 25% on year. The figure was slightly below the consensus estimate of INR 3.65 billion. The net sales for the reporting quarter were INR 44.89 billion, up over 8% on year. Analysts had estimated the company's top line at INR 40.76 billion. The company's earnings before interest, tax, depreciation, and amortisation were INR 4.73 billion, up over 31% on year.

 

The company's EBITDA margin expanded to 12% from 10% a year ago as revenue growth outpaced the rise in input costs and operating leverage improved.

 

Total gas sales volumes increased over 3% on year to 867.18 million standard cubic metres. Brokerages had expected the company's volumes to rise modestly, supported by steady demand from the compressed natural gas segment and improving piped natural gas volumes.

 

The CNG segment--which accounts for nearly three quarters of the company's total volumes and over 75% of its revenue--remained the primary growth driver. CNG volume rose 3% on year to 637.15 million standard cubic metres and revenue from the segment increased over 9% on year to INR 34 billion, aided by improved realisations and an INR 1-per-kg price hike in select locations.

 

The PNG segment contributed the remaining quarter of volumes and revenue. PNG volume rose 4% on year to 229.87 million standard cubic metres. Revenue from the segment increased about 5% to INR 10.65 billion. Within PNG, domestic volumes grew nearly 8% on year to 71.47 million standard cubic metres, supported by continued addition of households. Industrial and commercial volumes rose around 3% to 112.40 million standard cubic metres.

 

Easing international gas prices provided some relief on the cost side. Spot liquefied natural gas prices averaged about $10.9 per million British thermal units during the December quarter, marking the lowest level in nearly seven quarters.

 

The company's cost of purchase of natural gas, which forms the largest component of its operating costs, rose over 5% on year to INR 31.06 billion during the December quarter, compared with INR 29.44 billion a year ago. On a sequential basis, the gas purchase cost declined marginally from INR 31.41 billion in the September quarter, reflecting softer spot LNG prices.

 

Indraprastha Gas relies on imported LNG to supplement domestic gas supplies for CNG and PNG sales, particularly when allocations of lower-priced, government-allotted domestic gas falls short. Purchase of natural gas accounts for over 80% of the company's total expenses, excluding excise duty.

 

For the nine months ended Dec. 31, the company's net profit stood at INR 10.87 billion, down marginally from INR 11.18 billion a year ago. Revenue for the period rose nearly 9% on year to INR 132.61 billion, supported by steady volume growth.

 

The board of Indraprastha Gas declared an interim dividend of INR 3.25 per share, with Feb. 19 set as the record date for determining eligible shareholders. Thursday, shares of the company ended at INR 169.61 on the National Stock Exchange, down nearly 4%. The company announced its earnings after market hours.  End

 

US$1 = INR 90.59

 

Edited by Rajeev Pai

 

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