Indraprastha Gas Ltd
Indraprastha Gas Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #7 of 10 in Gas
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What the Q3 FY26 call signalled
2 of 3 strong
The short version
Volume Growth: - Target to add around 1 million SCM per day every year for the next 2-3 years. Indraprastha Gas Limited (IGL) expects continued volume growth driven by expanding customer base and geographical areas outside Delhi and NCR contributing 57% of incremental volume (Page 4).
From Indraprastha Gas Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Volume Growth:
- Target to add around 1 million SCM per day every year for the next 2-3 years.
- Delhi expected to grow at 8%-10% annually post DTC impact phase-out.
- Outside NCR expected to grow faster at around 17%-18%.
- CNG segment anticipated to grow about 10% excluding DTC volumes.
- PNG segment (industrial & commercial) expected to grow 12%-15%.
- Revenue and Profitability:
- Core segment capex guidance INR1,200-1,500 crores annually.
- Overall capex (including diversification) INR1,600-2,000 crores starting FY '27.
- Sustained revenue growth driven by volume growth and operational execution.
- EBITDA and PAT expected to improve with operational efficiencies and favorable cost elements.
- Industry Outlook:
- Expansion of CNG stations targeting 80-100 additions annually for 3-5 years.
2 more points from Indraprastha Gas Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Targeting addition of 80 to 100 CNG stations annually for next 3 to 5 years; about 40-45% of capex will be on CNG stations, remainder on steel pipeline network and MDP.
- Anticipated incremental volume growth of 1 million SCM per day yearly; ~65-70% from CNG, 30-35% from PNG (industrial, commercial, and domestic).
- Core business capex planned around INR 1,250 crores for FY '27; spent INR 847 crores in first 9 months.
- Geographic capex split: ~45% Delhi, 30-35% Uttar Pradesh, ~10% Haryana.
- Diversification capex in renewables, CPG, LNG infrastructure expected INR 500-800 crores starting FY '27.
- Exploring tender for 200 MW captive power plant for operational efficiency; progress ongoing with tender expected soon.
2 more points from Indraprastha Gas Ltd's call on capex
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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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Potential multibaggers · Q2 FY27
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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 Q3 FY26 results?
Volume Growth: - Target to add around 1 million SCM per day every year for the next 2-3 years. Indraprastha Gas Limited (IGL) expects continued volume growth driven by expanding customer base and geographical areas outside Delhi and NCR contributing 57% of incremental volume (Page 4).
What is Indraprastha Gas Ltd share price analysis?
Indraprastha Gas Ltd currently shows a below-average growth signal. The stock trades at a P/E of 13.9 with a market cap of ₹21,571 Cr. Investors should review the full earnings analysis for detailed insights.
Is Indraprastha Gas Ltd planning capital expenditure?
Targeting addition of 80 to 100 CNG stations annually for next 3 to 5 years; about 40-45% of capex will be on CNG stations, remainder on steel pipeline network and MDP.
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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.