Indraprastha Gas’ Q3 profit accelerates 25% as sales, realisation from sales pump up
The Hindu
Distributor Indraprastha Gas Ltd. (IGL)’s net profit spurred 25% on a year-over-year (YoY) basis in the December-end quarter helped by increase in sales and better realisations from every standard cubic metre (SCM) sold.
Distributor Indraprastha Gas Ltd. (IGL)’s net profit spurred 25% on a year-over-year (YoY) basis in the December-end quarter helped by increase in sales and better realisations from every standard cubic metre (SCM) sold.
IGL’s net profits increased 25% YoY to ₹358.57 crore in the third quarter of the ongoing financial year. The company’s EBITDA per SCM, which is among the primary indicators of profitability for a distributor, accelerated 27% to ₹5.45 during the reported period.
The city gas distributor’s gross sales value grew 8% YoY to ₹4,465 crore during the quarter.
In terms of volume, on a standalone basis, IGL’s sales volumes increased 3% YoY with average daily sales increasing to 9.43 million metric standard cubic meters per day (MMSCMD) from 9.11 MMSCMD during the comparable period a year ago.
The volume of piped natural gas (PNG) sold – during the quarter – increased 4% whilst compressed natural gas (CNG) increased 3%.
Along with their results, the company also declared an interim dividend of ₹3.25 per equity share.
Indian Overseas Bank challenges ₹766 crore tax demand notice from the Income Tax Department related to AY 2015-16.
Escorts Kubota on Tuesday rolled out a tractor developed for the paddy-growing regions as the agriculture machinery and construction equipment maker sharpens focus on south India on its way to become a pan-India player.
The rise in oil prices is expected to increase current account deficit (CAD) of major crude-importing Asian economies, which include India, according to an initial expert commentary.
India has 25 days of crude oil reserves and 25 days each of petrol, diesel stock: Government sources
India has ample crude oil and fuel reserves for 25 days each, ensuring 50 days of overall sufficiency amidst global tensions.
Tata Group Chairman expresses hope that West Asia conflict won't disrupt supply chains, prioritizing employee safety amid geopolitical uncertainties.
PM Modi calls for increased investment and prioritization of research in manufacturing to leverage new free trade opportunities for India.
Elon Musk’s social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion in debt tied to the companies, Bloomberg News reported
BMI warns that the ongoing West Asia conflict may deter investment in India, impacting GDP despite positive trade deal prospects.
Oil prices rise amid escalating U.S.-Israeli-Iran conflict, raising supply disruption fears through the critical Strait of Hormuz.
The US Treasury Department said Monday it is ending use of all Anthropic products, following US President Donald Trump's government-wide ban on the AI start-up after it rejected the Pentagon's demands.
Discover Rent a Tree, an innovative startup leasing mango trees across India, offering fresh Alphonso mangoes without the upkeep hassle.
Pine Labs plans to launch a stablecoin-backed prepaid card across nine countries, expanding its global payment solutions.
India's industrial production growth slowed to 4.8% in January 2026, with only infrastructure sector showing significant improvement.