Indraprastha Gas Ltd. (IGL) shares rose 3% following the announcement of a strong financial performance for the quarter ended March 31, 2025. As of 10:12 AM, the shares were trading 3.25% higher at Rs 183.99.
The company reported a 22.2% increase in its standalone net profit, which reached Rs 349.2 crore, surpassing analyst estimates of Rs 330 crore, as tracked by Bloomberg. This marks a significant improvement from the Rs 285.8 crore net profit reported in the previous quarter, ending Dec. 31, 2024.
IGL’s standalone revenue for the quarter stood at Rs 3,950 crore, reflecting a 5.1% sequential growth from the previous quarter’s Rs 3,759 crore, surpassing the Bloomberg estimate of Rs 3,863 crore. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 37.6%, totalling Rs 497.2 crore compared to Rs 363.6 crore in Q3 FY25. This resulted in an EBITDA margin of 12.6%, an improvement from 9.6% in the December quarter.
The company’s performance exceeded expectations, with a rise in adjusted EBITDA margin to Rs 4.64 per standard cubic meter (SCM) from Rs 4.3 per SCM in the previous quarter.
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