Indraprastha Gas Ltd (BOM:532514)

Q3 2026 Indraprastha Gas Ltd Earnings Call Transcript

Feb 13, 2026 / 10:30 AM GMT

Release Date Price: ₹166.5 (-1.80%)

Transcript

Key Points

Positve

Indraprastha Gas Ltd (BOM:532514) maintained its volume guidance, expecting to exit the year at around 10 million cubic meters per day.
The company anticipates a significant boost in EBITDA margins from the current INR5.4 per unit to a target range of INR7 to INR8.
There is a planned increase in CNG stations, with a target of adding 80 to 100 stations annually over the next few years.
The company is confident in achieving a 10% growth rate in the NCR region and 17-18% growth outside the NCR.
Indraprastha Gas Ltd (BOM:532514) is exploring opportunities in the Middle East, having qualified for the second stage of a tender process, indicating potential for international expansion.

Negative

The company faced headwinds from higher gas costs and foreign exchange fluctuations, impacting overall profitability.
DTC volumes have significantly decreased, contributing to a decline in overall sales volume.
The implementation of new labor codes resulted in a one-time provision, affecting margins.
There is a dependency on RLNG, with 50% of gas sourcing expected to come from this source, which could be subject to price volatility.
The company faces challenges in expanding its infrastructure to meet growing demand, particularly in the NCR region, where queuing remains a concern.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IGAS.NS - Indraprastha Gas Ltd
Q3 2026 Indraprastha Gas Ltd Earnings Call
Feb 13, 2026 / 10:30AM GMT

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Presentation
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Operator [1]
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Like if you, 3, the, this was around 80,000 then around 54,000 in November and December it left to around 22,000 kg's per day.

So now almost only on on below, I think 100 buses are left out and we, what we have been made to understand from DTC I think by DTC volume will be almost 0.

Second question related to uniti beta margins or EBITDA margin guidance.

We have been giving a INR7 per SM kind of beta margin guidance.

Now, we have posted a INR5.4 per ATM in this card.

What will be the parameters or the things which will boost up the beta margins from the current level of 5.4 to 7.

If you could give us.

Yeah, 23 things.

First is the transmission tariff, so the

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