Indraprastha Gas Ltd (NSE:IGL)

Q3 2025 Indraprastha Gas Ltd Earnings Call Transcript

Jan 28, 2025 / 10:30AM GMT

Release Date Price: ₹191.4 (+1.40%)

Transcript

Key Points

Positve

Indraprastha Gas Ltd (BOM:532514) achieved a 7% year-on-year growth in average sales volume, reaching 9.11 mmscmd this quarter.
The company secured additional gas volumes at competitive prices, enhancing its future gas portfolio.
The CNG segment grew by 6%, while the PNG segment achieved a double-digit growth of 12%, with industrial PNG growing by 16%.
Indraprastha Gas Ltd (BOM:532514) crossed the 1 million mark in industrial sales, marking a significant milestone.
The company is actively exploring diversification opportunities and inorganic acquisitions for future expansion.

Negative

There was a significant reduction in APM gas supply, posing challenges for future gas procurement.
EBITDA decreased by 36% year-on-year due to higher gas input costs.
Profit after tax (PAT) declined to INR 285 crores from INR 392 crores in the same quarter last year.
The company faces challenges with tax structures, including a 15% VAT in Gujarat and varying VAT rates in different states.
The impact of DTC buses in Delhi has affected sales growth, with Delhi showing only a 3% growth.

Operator

Ladies and gentlemen, good day, and welcome to Indraprastha Gas Limited Q3 FY25 Earnings Conference Call hosted by IIFL Capital. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Yash Nandwani from IIFL Capital. Thank you, and over to you, sir.

Yash Nandwani

IIFL Capital - Analyst

Thanks, Sejal. Good day, ladies and gentlemen. On behalf of IIFL Capital, I welcome you all to Indraprastha Gas Limited Third Quarter FY25 Earnings Conference Call. Today, we are pleased to have with us the senior management team of IGL, led by Mr. Kamal Kishore Chatiwal, Managing Director; Mr. Mohit Bhatia, Director, Commercial; and Mr. Manjeet Singh, VP, Finance. I will now hand over the floor to the management for their opening remarks, which shall be followed by a question-and-answer session. Thank you, and over to you, sir.

Kamal Chatiwal

Indraprastha Gas Ltd - Managing Director, Director

Good afternoon, ladies and gentlemen. I'm Kamal Kishore Chatiwal,

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