Indraprastha Gas share price up 8% in 2 days after Q4 results; Motilal Oswal upgrades the stock to a buy; details here
The stock has been witnessing healthy buying momentum after it reported its March quarter (Q4) results.
After market hours on April 27, the company said its Q4FY25 standalone profit fell 8.8 per cent year-on-year (YoY) to ₹ 349.23 crore against ₹ 382.80 crore in the same quarter last year. However, sequentially, or on a quarter-on-quarter (QoQ) basis, its profit rose 22.2 per cent compared to ₹ 285.82 crore in Q3FY25.
Revenue from operations for the quarter under review stood at ₹ 4,340.50, up 9.5 per cent YoY against ₹ 3,964.42 crore and 4.7 per cent QoQ against ₹ 4,146.39 crore.
(This is a developing story. Please check back for updates.)
First Published: 29 Apr 2025, 10:31 AM IST
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