Indraprastha Gas Ltd
Indraprastha Gas Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #7 of 10 in Gas
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Indraprastha Gas Ltd Q2 FY26 key numbers
- Revenue
- Total sales volume for Q2 FY ’25-26 stood at 857 million SCM, showing a 3% YoY increase.
As stated in Indraprastha Gas Ltd's Q2 FY26 earnings call transcript · published 18 Jul 2026. Reported figures, not investment advice.
The short version
IGL expects healthy volume growth of around 8%-10% excluding diminishing DTC sales, which are being phased out. IGL expects volume growth of around 8%-10% excluding declining DTC volumes, driven by increasing CNG vehicle adoption and healthy growth in new gas areas. - EBITDA margins are targeted to improve to Rs.
From Indraprastha Gas Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- IGL expects healthy volume growth of around 8%-10% excluding diminishing DTC sales, which are being phased out.
- CNG volumes excluding DTC grew about 10% year-on-year, supported by strong demand and vehicle adoption.
- PNG volumes grew by 6% in the recent quarter, indicating steady growth in the segment.
- Total sales volume for Q2 FY ’25-26 stood at 857 million SCM, showing a 3% YoY increase.
- Volume growth in the NCR region was 7%, with other Gas Areas (GAs) growing 16%.
- Volumes are expected to rise with more industrial cities bidding for gas supply under international ventures, targeting 4-5 million SCM volume for initial projects.
2 more points from Indraprastha Gas Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- H1 FY '26 core segment CAPEX was Rs. 580 crores, primarily focused on infrastructure PNG (50%-55%) and CNG/steel network (40%-45%).
- Planned CAPEX for the core business is around Rs. 1,200-Rs. 1,400 crores, considered a run-rate level.
- Additional diversification CAPEX could be Rs. 700-Rs. 800 crores.
- Strategic investment includes an international venture in Saudi Arabia involving equity stake (~40% by IGL) in a JV targeting 5 industrial cities with planned investments of Rs. 100-Rs. 150 crores.
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Top-ranked in Gas
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Indraprastha Gas Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹5.1K Cr, net profit ₹24 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Indraprastha Gas Ltd's management said in earlier quarters
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- Aegis Logistics Ltd (Q2 FY26)
Distribution volumes grew 49% in Q2 FY '26 and 31% in H1 FY '26, signaling strong momentum. Key concall takeaways from Aegis Logistics Ltd's Q2 FY26 earnings…
Potential multibaggers · Q2 FY27
Potential multibaggers in Gas
on management's own guidance
- IRM EnergyGood growth2
- Aegis Logistics LtdGood growth1
- GAIL (India)Moderate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Indraprastha Gas Ltd Q2 FY26 results?
IGL expects healthy volume growth of around 8%-10% excluding diminishing DTC sales, which are being phased out. IGL expects volume growth of around 8%-10% excluding declining DTC volumes, driven by increasing CNG vehicle adoption and healthy growth in new gas areas. - EBITDA margins are targeted to improve to Rs.
What is Indraprastha Gas Ltd share price analysis?
Indraprastha Gas Ltd currently shows a neutral. The stock trades at a P/E of 14.7 with a market cap of ₹20,048 Cr. Investors should review the full earnings analysis for detailed insights.
Is Indraprastha Gas Ltd planning capital expenditure?
H1 FY '26 core segment CAPEX was Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.