Indraprastha Gas (IGL) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 was marked by geopolitical challenges in West Asia, impacting global energy markets and gas prices, but uninterrupted gas supply was maintained.

• Achieved record quarterly turnover exceeding INR 5,000 crore and highest-ever daily CNG sales, with robust growth in both Delhi and new geographies.

• Standalone revenue from operations for Q1 FY27 was ₹5,040.15 crores, up 16% year-over-year; consolidated revenue was ₹5,043.14 crores, also up 16%.

• Standalone net profit for the quarter was ₹186.18 crores, down 48% year-over-year; consolidated net profit was ₹237.92 crores, down 44% year-over-year.

• Continued expansion of PNG and CNG infrastructure, with significant customer additions and new station commissioning, including at Noida International Airport.

Financial highlights

• Quarterly turnover reached INR 5,028 crore, up 16% year-over-year.

• EBITDA for the quarter was INR 296 crore; profit after tax stood at INR 186 crore.

• Standalone EBITDA for the quarter was ₹295.50 crores, a 42% decrease year-over-year.

• CNG sales volume averaged 9.66 MMSCMD, up from 9.13 MMSCMD in Q1 last year.

• CapEx for the quarter was INR 327 crore.

Outlook and guidance

• Long-term EBITDA guidance remains at INR 7 per SCM, but near-term margins are under pressure due to volatile gas prices.

• The company continues to focus on volume growth in CNG and PNG segments, with CNG sales volume up 6% and PNG (domestic) up 7% year-over-year.

• CNG demand expected to grow, supported by strong vehicle additions and favorable GST changes.

• Management remains focused on sustainable growth, infrastructure expansion, and operational efficiency.