Q1 2026 Indraprastha Gas Ltd Earnings Call Transcript
Key Points
- Indraprastha Gas Ltd (BOM:532514) recorded a 6% year-on-year increase in overall volumes, driven by a 6% growth in the CNG segment and a 10% growth in the PNG segment.
- The company experienced robust double-digit growth in operations outside Delhi, highlighting the strength of its expanding geographical footprint.
- There was a 17% increase in new and retrofitted CNG vehicles on a 12-month rolling basis, with an average addition of 18,500 vehicles per month.
- Domestic PNG sales grew by 11%, supported by the addition of 181,000 new connections.
- The company is optimistic about the impact of a significant regulatory development regarding transmission tariffs, which is expected to benefit the CGD sector and improve cost structure and margins.
- The EBITDA for the quarter stood at INR512 crores, reflecting an 11% decline over the previous year, primarily due to increased SCM gas purchase costs.
- Profit after tax (PAT) for the quarter was INR356 crores, down from INR400 crores in the same quarter of the previous year.
- The company faced challenges with reduced allocation of APM gas, impacting financial performance.
- Despite a 6% growth in CNG volumes, sales in DTC and other buses reduced as fleets transition to alternative fuels.
- The company is still awaiting pricing details for the new single zone tariff network, which could impact financial projections.
Ladies and gentlemen, good day and welcome to Indraprastha Gas Limited Q1 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Nitin Tiwari. Thank you, and over to you, sir.
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Thank you, Uda. Good day, ladies and gentlemen. On behalf of PhillipCapital India Limited, I welcome everyone to in the Indraprastha Gas Limited first-quarter FY26 earnings call.
Today from the management team of IGL, we have the pleasure of having with us Mr. KK Chatiwal, Managing Director of IGL; Mr. Mohit Bhatia, Director of Commercial; Mr. Sanjay Kumar, CFO; and Mr. Manjeet Gulati, VP, Finance.
I shall 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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