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Informist, Monday, May 18, 2026

 

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--Indraprastha Gas Jan-Mar net profit INR 2.77 bln
--Analysts saw Indraprastha Gas Jan-Mar net profit at INR 2.92 bln
--Indraprastha Gas Jan-Mar revenue INR 45.85 bln
--Analysts saw Indraprastha Gas Jan-Mar revenue at INR 39.56 bln
--Indraprastha Gas Jan-Mar net profit INR 2.77 bln vs INR 3.49 bln year ago
--Indraprastha Gas Jan-Mar revenue INR 45.85 bln vs INR 43.37 bln year ago
--Indraprastha Gas to pay INR 1.50 per share final dividend
--Indraprastha Gas FY26 net profit INR 13.64 bln vs INR 14.68 bln yr ago
--Indraprastha Gas FY26 revenue INR 178.46 bln vs INR 164.51 bln yr ago
--Indraprastha Gas Jan-Mar EBITDA INR 4.23 bln vs INR 4.94 bln yr ago
--Indraprastha Gas Jan-Mar EBITDA margin 10% vs 13% year ago
--Indraprastha Gas Jan-Mar total volumes 872.46 mscm vs 826.40 mscm year ago
--Indraprastha Gas Jan-Mar CNG volumes 636.70 mscm vs 603.64 mscm yr ago
--Indraprastha Gas Jan-Mar PNG volumes 235.63 mscm vs 222.46 mscm year ago
--Indraprastha Gas Jan-Mar CNG revenue INR 34.04 bln vs INR 32.74 bln yr ago
--Indraprastha Gas Jan-Mar PNG revenue INR 11.67 bln vs INR 10.47 bln yr ago
--Indraprastha Gas Q4 PNG domestic volumes 77.52 mscm vs 68.32 mscm year ago
--Indraprastha Gas Q4 PNG industrial volumes 113.2 mscm vs 109.3 mscm yr ago
--Indraprastha Gas appoints Manjeet Singh Gulati as CFO from Thu 

 

By Eshitva Prakash

 

MUMBAI – Indraprastha Gas Ltd.'s net profit for the March quarter fell more than analysts had expected as an eight-quarter-low revenue growth, excluding excise duty, was unable to offset a rise in total expenses. While the company's top line managed to beat a bleaker consensus view, the decline in its bottom line was the worst in five quarters.

 

The city gas distribution company's standalone net profit for the March quarter fell nearly 21% on year and almost 23% sequentially to INR 2.77 billion. Analysts had projected the company's bottom line to fall to INR 2.92 billion. Its revenue for the reporting quarter rose nearly 6% on year to INR 45.85 billion. Excluding excise duty, its revenue from operations rose 5.5% on year to INR 41.63 billion, higher than the INR 39.56 billion figure seen by analysts.

 

The company reported an over 14?ll in its earnings before interest, tax, depreciation, and amortisation to INR 4.23 billion. Its EBITDA margin also contracted, dropping to 10% from 13% a year ago, owing to a rise of 8.5% in its total expenses.

 

The company's expenses for the quarter were driven mainly by the purchase of stock-in-trade natural gas, the cost of which rose more than 9% to INR 32.12 billion and was the largest component of its operating costs by far. On a sequential basis, the gas purchase cost rose over 3%, reflecting higher spot prices. Indraprastha Gas relies on imported liquefied natural gas to supplement domestic gas supplies for compressed natural gas and piped natural gas sales, particularly when allocations of lower-priced, government-allotted domestic gas falls short.

 

An increase of over 10% year-on-year in depreciation and amortisation costs to INR 1.32 billion also hampered the growth of the company's bottom line. Costs classified under "other expenses" were up slightly at INR 4.69 billion.
 

Total gas sales volume increased over 6% on year to 872.46 million standard cubic metres. Brokerages said government directives to limit supply to industrial segments and prioritise domestic segments following the outbreak of war in West Asia is likely to keep the volume growth of city gas distributors under pressure. The CNG segment, which accounts for nearly three quarters of the company's total volumes and over 80% of its revenue--remained the primary driver of growth. CNG volume rose 5% on year to 636.70 million standard cubic metres and revenue from the segment increased over 4% on year to INR 34.04 billion.

 

The PNG segment contributed the remaining quarter of volumes and 20% of revenue. Total PNG volumes rose 6% on year to INR 235.63 million standard cubic metres. Revenue from the segment increased about 12% to INR 11.67 billion. Within PNG, domestic volumes grew nearly 13% on year to 77.52 million standard cubic metres. Industrial and commercial PNG volumes rose 4% to 113.20 million standard cubic metres.

 

For the financial year 2025-26 (Apr-Mar), the company's net profit fell over 7% to INR 13.64 billion. Revenue for the period rose nearly 8.5% on year to INR 178.46 billion. The company's board approved a payout of INR 1.50 per share to shareholders as final dividend for FY26. It also appointed current Vice-President (Finance) Manjeet Singh Gulati as the chief financial officer, effective Thursday. Sanjay Kumar will step down from the post as he is being repatriated to Bharat Petroleum Corp. Ltd., promoter company of Indraprastha Gas. 

 

Monday, shares of the company ended slightly lower than Friday at INR 151.64 on the National Stock Exchange. The company announced its earnings after market hours.  End

 

Edited by Rajeev Pai

 

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