2 weeks ago
Indraprastha Gas Q1 Profit Falls 44% to Rs 237.9 Crore
Indraprastha Gas Limited, often called IGL, is a company that supplies natural gas and CNG to cities in India.
In the first three months of its new financial year, which ended on June 30, 2026, IGL earned a lot less profit than it did a year earlier.
Its profit fell by 44 percent to Rs 237.9 crore.
The company actually earned more money from selling gas — its revenue went up by about 17 percent.
But its costs also went up, and they rose even faster than its earnings.
When costs go up faster than the money a company makes, its profit goes down.
Around the same time, IGL made CNG more expensive in Delhi, raising the price by Rs 2 per kilogram to Rs 83.09.
It was the fourth price increase in less than two weeks.
After the results came out, IGL's shares fell slightly.
Indraprastha Gas Ltd (IGL) reported a 44% year-on-year fall in consolidated net profit to Rs 237.9 crore for Q1 FY27, down from Rs 427.8 crore in Q1 FY26.
Revenue from operations rose 16.6% year-on-year to Rs 5,043 crore, while total income climbed 16.5% to Rs 5,145 crore.
Total expenses grew faster than revenue, up 24% to Rs 4,890 crore, pulling profit before tax down 43% to Rs 311.7 crore.
A second report puts IGL's quarterly net profit at Rs 186 crore, down 32.9% sequentially, with EBITDA margin at 6.4% — figures that differ from the consolidated numbers in the first report.
Shares traded about 1% lower at Rs 152.90 after results, while IGL had hiked Delhi CNG prices by Rs 2 per kg to Rs 83.09 on May 26, its fourth increase in under two weeks.
- Who
- Indraprastha Gas Limited (IGL), a city gas distributor with associates including Maharashtra Natural Gas Limited and Central U.P. Gas Limited.
- What
- Reported a 44% year-on-year decline in Q1 FY27 consolidated net profit to Rs 237.9 crore despite revenue rising 16.6% to Rs 5,043 crore.
- Where
- India — results were reported from New Delhi and Mumbai, and CNG prices were hiked in Delhi.
- When
- For the quarter ended June 30, 2026 (Q1 FY27).
- Why
- Total expenses rose 24% year-on-year, outpacing revenue growth and squeezing profitability.
Consumer Burden View
Company Cost View
CNG price increases
Consumer Burden View
Four price hikes in under two weeks pushed Delhi CNG to Rs 83.09 per kg, placing a growing burden on consumers who rely on CNG.
Company Cost View
The hikes reflect higher natural gas purchase costs amid a global gas crisis; IGL's expenses rose 24% and profit fell sharply, so it must pass on costs to keep supplying.
Reading the Q1 results
Consumer Burden View
The steep profit fall and EBITDA margin contraction to 6.4% signal weakening business performance and investor concerns, with the stock down over the past year.
Company Cost View
Revenue still grew about 17%, and the profit decline is driven mainly by rising input expenses rather than falling demand for gas.
Key facts
- Company
- Indraprastha Gas Limited (IGL)
- Consolidated net profit (Q1 FY27)
- Rs 237.9 crore, down 44% YoY (Report 1); Rs 186 crore, down 32.9% QoQ (Report 2)
- Revenue from operations
- Rs 5,043 crore, up 16.6% YoY
- Total expenses
- Rs 4,890 crore, up 24% YoY
- Earnings per share
- Rs 1.72 in Q1 FY27 vs Rs 3.06 in Q1 FY26
- EBITDA margin
- 6.4% in Q1 FY27, down from 10.2% in Q4 FY26
- Delhi CNG price
- Rs 83.09 per kg after a Rs 2/kg hike on May 26
- Share price
- About Rs 152.90, down ~1% on results day; down 26.45% over the past year
Sources
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