IGL Hikes CNG Prices and Reports Strong Q4 FY2025 Results
Indraprastha Gas Limited (IGL) has increased CNG prices by ₹1.00 per kg in Delhi and surrounding areas, effective May 3, 2025. The company's Q4 FY2025 financial results show a 22.18% surge in standalone net profit to ₹349.20 crore. Total revenue increased by 9.04% to ₹4,041.40 crore, while EBITDA reached ₹588.00 crore despite a 6.96% year-on-year decrease. Management indicates potential for further price adjustments and aims for higher EBITDA margins in upcoming quarters.
02May 25
Indraprastha Gas Limited Welcomes New Chairman Rajkumar Dubey
Indraprastha Gas Limited (IGL) has appointed Shri Rajkumar Dubey as its new Chairman, effective May 1, 2025. Dubey, currently Director (HR) with additional charge of Director (Marketing) at BPCL, succeeds Shri Sukhmal Kumar Jain. This change is part of IGL's rotational policy for chairmanship between promoter companies GAIL and BPCL. Dubey brings over 36 years of experience in Business and Human Capital Development, with expertise in organizational restructuring and HR planning.
Indraprastha Gas Limited (IGL) is considering entering the LNG retail sales business. The company reported robust financial results for FY 2024-25, with revenue growing 6.5% to ₹16,466.45 crore and net profit reaching ₹1,467.59 crore. Total gas sales volumes increased by 6% to 3,280.87 million SCM. CNG remains the largest segment, while PNG for domestic use showed the highest growth at 12%. The Board recommended a final dividend of 75% (₹1.50 per equity share).
28Apr 25
Indraprastha Gas Reports Improved Q4 Financial Performance and Recommends Final Dividend
Indraprastha Gas Limited (IGL) announced improved Q4 FY25 financials with EBITDA rising to ₹4.98 billion and net profit increasing to ₹349.23 crore. For FY25, total gas sales volume grew by 6% to 3,280.87 million SCM. The company's Board recommended a final dividend of 75% (₹1.50 per equity share). Despite a 16% drop in full-year net profit to ₹1,467.59 crore, IGL maintained strong market position and saw growth across key segments including CNG and PNG.
27Apr 25
Indraprastha Gas Reports 22% Surge in Q4 Profit, Beats Estimates
Indraprastha Gas Limited (IGL) posted strong Q4 FY2025 results with a 22.2% YoY increase in standalone net profit to Rs 349.20 crore. Revenue rose 5.1% to Rs 3,950.00 crore. EBITDA grew 37.6% to Rs 497.20 crore, with margin improving to 12.6%. Total gas sales volume increased 4% to 826.40 million SCM. CNG and PNG segments showed 4% volume growth each. For FY2025, total revenue grew 7% YoY to Rs 16,466.45 crore. The Board recommended a final dividend of 75% (Rs 1.50 per share).
22Apr 25
Indraprastha Gas Limited Shares Surge 3% Ahead of Q4 Results and Dividend Announcement
Indraprastha Gas Limited (IGL) shares rose over 3% following the announcement of a board meeting on April 27, 2025. The meeting agenda includes Q4 2025 results approval and final dividend consideration. The trading window is closed from April 1 until 48 hours after the results disclosure.
16Apr 25
Indraprastha Gas Faces 20% Cut in Domestic Gas Allocation, Mitigated by NWG Allocation
Indraprastha Gas Limited (IGL) announced a 20% reduction in domestic gas allocation from April 16, 2025. To compensate, IGL will receive 125% of the reduced volume as Non-Wellhead Gas (NWG), priced at 12% of the Indian Crude Basket. The domestic gas was previously priced at $6.75/MMBtu. This change in gas mix and pricing is expected to impact the company's profitability.
07Apr 25
Indraprastha Gas Ltd Implements CNG Price Hike in Delhi and Surrounding Areas
Indraprastha Gas Limited (IGL) has increased Compressed Natural Gas (CNG) prices across its operating regions. In Delhi, prices have risen by ₹1.00 to ₹76.09 per kg, while in Noida and Ghaziabad, the increase is ₹3.00, bringing the new price to ₹84.70 per kg. This is the first price adjustment in Delhi in nine months, attributed to a recent 4% increase in government-set APM gas prices and ongoing market dynamics.
31Mar 25
IGL Ventures into Solar Power: Approves Joint Venture for 500 MWp Project in Rajasthan
Indraprastha Gas Limited (IGL) has approved a joint venture with Rajasthan Vidyut Utpadan Nigam Ltd to develop a 500 MWp solar power project in Bikaner, Rajasthan. IGL will hold a 74% stake in the JV, with an estimated capital outlay of ₹2,066.00 crore. The project is expected to be completed within 18 months of JV formalization. This move is part of IGL's strategic expansion into renewable energy, aiming to develop a 1 GW green energy portfolio in 2-4 years.
06Mar 25
Indraprastha Gas Ltd. Witnesses Significant Block Trade on NSE
A significant block trade of Indraprastha Gas Ltd. (IGL) shares occurred on the National Stock Exchange. Approximately 1,021,098 shares were traded at Rs. 187.83 per share, totaling Rs. 19.18 crores. This large transaction, likely executed by institutional investors, has drawn market attention due to its size and potential implications for IGL's stock.