Shares of Indraprastha Gas Ltd (IGL) rose 3.60% to ₹199.89 in early trade on May 5, following the announcement of a key leadership change and better-than-expected Q4 earnings. The stock had closed at ₹192.94 in the previous session and touched an intraday high of ₹200.87.
The Board of Directors of IGL approved the appointment of Shri Rajkumar Dubey as Chairman of the company with effect from May 1, 2025. He replaces Shri Sukhmal Kumar Jain, who ceased to be Chairman following his superannuation from BPCL.
As per IGL’s Articles of Association, promoter companies GAIL and BPCL nominate the Chairman on a rotational basis for a two-year term. Dubey currently serves as Director (HR) with the additional charge of Director (Marketing) at BPCL.
In addition to the leadership update, IGL reported strong Q4 results for the quarter ended March 31, 2025. The city gas distribution company posted a standalone net profit of ₹349.2 crore, surpassing Bloomberg’s consensus estimate of ₹330 crore and rising 22.2% from ₹285.8 crore in the December quarter.
Standalone revenue rose 5.1% quarter-on-quarter to ₹3,950 crore, beating estimates of ₹3,863 crore. EBITDA jumped 37.6% to ₹497.2 crore versus ₹363.6 crore, exceeding the projected ₹427 crore. Margins improved significantly to 12.6% from 9.6% in the prior quarter.
The market responded positively, with IGL’s market cap standing at ₹277.68 billion. The company has a P/E ratio of 16.29 and a dividend yield of 2.63%.
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