Q1 2027 Indraprastha Gas Limited Earnings Call Transcript
Key Points
- Achieved highest-ever quarterly turnover of over INR 5,000 crores, up 16% year-over-year.
- CNG sales volume grew 11% (excluding DTC and DIMTS), with a record single-day peak of 5.8 million kg.
- Domestic PNG customer base expanded to over 35 lakh connections, adding 1 lakh+ in the quarter.
- Newer geographical areas (outside Delhi NCR) saw strong CNG growth of 27%, contributing to overall volume growth.
- Commissioned new infrastructure, including a city gate station in Delhi, LNG operations in NCR, and a CNG station at Narda International Airport.
- Profitability was significantly impacted by higher gas costs due to geopolitical tensions in West Asia, with EBITDA at INR 296 crores and PAT at only INR 18 crores.
- Gas sourcing mix remains heavily reliant on imported gas (52%), with spot purchases at volatile prices ($17-$22/mmBtu).
- DTC bus volumes have dropped to near zero, eliminating a previously significant revenue stream.
- Delhi EV policy mandates no new registrations for three-wheelers and commercial vehicles, potentially reducing CNG volumes by 2-3% by 2030.
- Management refrained from providing near-term margin guidance due to unpredictable geopolitical and supply conditions, indicating continued uncertainty.
Ladies and gentlemen, good day and welcome to Indira Prasad Gas Limited Q1 FY27 Earnings Conference Call, hosted by Phillips Capital Private Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions at the end of today's presentation.
Should we need assistance during the conference call, please signal an operator by pressing star then zero on your touchstone.
Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Sikalai from Phillips Capitals Private Limited.
Thank you and over to you, sir.
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Thanks, Manav. Good day, ladies and gentlemen. On behalf of PhillipCapital India Limited, I welcome everyone to the Indraprastha Gas Limited's First Quarter FY '27 Earnings Call. Today, from the management team, we have with us Mr. Kumar Shanker, who has recently taken the charge as MDO IGL. Congratulations to you, sir,
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