Q2 2025 Indraprastha Gas Ltd Earnings Call Transcript
Key Points
- Indraprastha Gas Ltd (BOM:532514) achieved a record sales volume of 9.03 million standard cubic meters per day in Q2 FY25, marking a significant milestone.
- The company reported a 9% year-on-year growth in CNG volumes, reflecting strong demand and market penetration.
- PNG volumes saw a healthy increase, with a 12% growth in domestic, 13% in commercial, and 11% in the industrial segment.
- Indraprastha Gas Ltd (BOM:532514) achieved its highest-ever quarterly turnover, crossing INR 4,000 crores, indicating robust financial performance.
- The company is actively exploring strategic inorganic opportunities and focusing on LNG and CBG to enhance volumes and profitability.
- There was a reduction in EBITDA and PAT due to increased input costs of gas, impacting profitability.
- A 20% reduction in APM gas allocation by authorities is expected to affect profitability, as communicated to investors.
- The company anticipates a potential need for price hikes due to increased gas costs, which could impact customer sentiment.
- Indraprastha Gas Ltd (BOM:532514) faces challenges in gas sourcing due to reduced APM allocations, necessitating alternative sourcing strategies.
- The company is dealing with regulatory and competitive pressures, including the impact of EV policies on CNG vehicle growth.
Ladies and gentlemen, good day, and welcome to the Indraprastha Gas Limited Q2 FY25 earnings conference call hosted by PhillipCapital India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Nitin Tiwari from PhillipCapital India Private Limited. Thank you, and over to you, sir.
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Thanks, Nikita. Good day, ladies and gentlemen. Best wishes in advance for Diwali to everyone. On behalf of PhillipCapital India Limited, I welcome everyone to Indraprastha Gas Limited Second Quarter FY25 Finance Call. Today, we have the pleasure of having with us from the management team of IGA, Director, Commercial, Mr. Mohit Bhatia; CFO, Mr. Sanjay Kumar; and VP, Finance, Mr. Manjeet Gulati.
I will now hand over the floor to the management for their opening remarks, which shall be followed by a question-and-answer session. Over to you, sir.
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