Latest news with #IndraprasthaGas
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Business Standard
06-05-2025
- Business
- Business Standard
Mahanagar Gas Q4 results: Profit dips 4.8% on rising costs, higher volumes
Indian city gas distributor Mahanagar Gas posted a 4.8 per cent fall in quarterly profit on Tuesday, as expenses cut into steady growth in volumes. The state-backed natural gas distributor reported a profit after tax of 2.52 billion rupees ($29.9 million) for the quarter ended March 31, down from 2.65 billion a year earlier. Revenue from operations grew 18.6 per cent to 20.39 billion, while total expenses rose 24.2 per cent. KEY CONTEXT Indian city gas companies like Mahanagar Gas, Indraprastha Gas and Gujarat Gas have been facing earnings pressure for the last couple of quarters due to reduced supply of cheaper, government-regulated APM (Administered Price Mechanism) gas. This has forced them to buy more expensive gas from the open market, squeezing their profit margins. Mahanagar Gas, however, posted a 12.3 per cent rise in total sales volumes, driven primarily by strong growth in its compressed natural gas segment. Peer Indraprastha Gas reported a 9 per cent fall in its quarterly profit from a year ago, hurt by higher expenses.
Mint
29-04-2025
- Business
- Mint
Indraprastha Gas share price up 8% in 2 days after Q4 results; Motilal Oswal upgrades the stock to a buy; details here
Indraprastha Gas share price jumped nearly 4 per cent in morning trade on the BSE on Tuesday, April 29, extending gains to the second consecutive session. A day after rising 4 per cent, Indraprastha Gas share price opened at ₹ 187 against its previous close of ₹ 185.40 and rose 3.7 per cent to an intraday high of ₹ 192.20. In two days, Indraprastha Gas share price has jumped nearly 8 per cent. 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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Business Standard
28-04-2025
- Business
- Business Standard
BSE Oil & Gas Index jumps 3%: Here's why
Oil & Gas stocks: The BSE Oil & Gas index rose nearly 3 per cent on Monday led by a 5 per cent jump in shares of oil-to-telecom conglomerate Reliance Industries. Other constituents of the index including Bharat Petroleum Corporation (BPCL), Indraprastha Gas (IGL), Hindustan Petroleum (HPCL), Adani Total Gas, and Gas Authority of India (GAIL) were up in the range of 2 to 4.5 per cent. Indian Oil Corporation (IOC), Oil and Natural Gas Corporation (ONGC), Oil India (OIL) and Petronet LNG also gained up to 2 per cent. At 01:15 PM, the BSE Oil & Gas index was trading at 26,480.78, up 734.07 points or 2.85 per cent. It touched intraday high of 26,551.71, up 3.12 per cent from previous session's close of 25,746.71. The company's revenue from operations grew 10.51 per cent to Rs 261,388 crore in the reported quarter as against Rs 236,533 crore during the year-ago period. However, in the oil and gas business, RIL's revenue fell marginally by 0.4 per cent to ₹6,440 crore. Earning before interest, tax, depreciation and amortisation (Ebitda) fell 8.6 per cent Y-o-Y to ₹5,123, impacted by lower KG D6 gas production, lower CBM price and maintenance activities. For the entire FY25, RIL's revenue from the oil business increased 3.2 per cent Y-o-Y to ₹25,211 crore. The company reported the highest annual Ebidta of ₹21,188 crore, up 4.9 per cent Y-o-Y, driven by higher KG D6 and CBM production, constrained by lower gas prices. Ebitda margin rose 140 basis points to 85 per cent. Prashanth Tapse, senior vice president for research at Mehta Equities says that the upswing in oil and gas stocks is primarily driven by expectations of positive quarterly earnings in the sector and positive global oil market dynamics. "We have seen IGL delivering better-than-expected numbers, and Reliance too has reported better-than-expected results overall. In addition, there are expectations of an increase in supply, which will help crude prices remain stable and positive," he added. Oil markets are awaiting a meeting of the Organization of Petroleum Exporting Countries and allies (Opec+) next week as members of the cartel are expected to increase production for a second straight month, with higher production volumes expected to help offset the impact of lower prices. Opec+ has also been raising production in line with Trump's calls for higher output and lower oil prices. Shares of other oil and gas companies including Adani Total Gas, ONGC, BPCL and Indian Oil were trading in the green ahead of the Q4 results announcements as these companies are scheduled to declare the quarterly results this week. HPCL will announce its Q4 and FY25 earnings on May 6, 2025. Indraprastha Gas reported better-than-expected Q4 results which also boosted the investor sentiment around the stock. The company's standalone net profit declined 9 per cent Y-o-Y to ₹349.23 in the reporting quarter against ₹382.80 in the same quarter of the previous fiscal. However, revenue from operations stood at ₹3,950.57 crore, up 10 per cent Y-o-Y from ₹3,596.79 crore in Q4 FY24. The company's board recommended a final dividend of ₹1.5 per share of the face value of ₹2 each for FY25. According to analysts at Motilal Oswal Financial Services, IGL's total volumes were in-line with the brokerage's estimate at 9.18 mmscmd with both, CNG and PNG volumes, in-line with estimates. Ebitda/scm came in above the brokerage's estimate at ₹6, while realiaation increased by ~₹3/scm Q-o-Q, and gas cost/opex rose by ₹0.5/₹0.8 per scm Q-o-Q. Increase in realisation, as per MOFSL analysts, was on account of the reversal of provisions amounting to ₹114 crore, based on negotiations with OMCs w.r.t trade margins. This led to IGL reporting Ebitda beat on estimates, at ₹500 crore (down 5 per cent Y-o-Y). The brokerage has a 'Neutral' rating on the stock as IGL shares currently trade at 15x FY26E SA P/E, while its 1-year forward long-term average is 21.1x P/E.
Business Standard
28-04-2025
- Business
- Business Standard
Indraprastha Gas posts PAT of Rs 349 crore in Q4; EBITDA margin at 13%
Indraprastha Gas has reported 9% fall in net profit to Rs 349.23 crore despite a 10% increase in net sales to Rs 3932.78 crore in Q4 FY25 as compared with Q4 FY24. Total sales volumes for the quarter ended 31 March 2025 were 826.40 million scm, up 4% YoY. Of the total, CNG volumes were 603.64 million scm (up 4% YoY), LNG volumes were 0.30 million scm (up 10x YoY) and total PNG volumes were 222.46 million scm (up 4% YoY). EBIDTA declined by 5% to Rs 497.23 crore in the fourth quarter from Rs 522.55 crore recorded in the same period last year. EBIDTA margin was 13% in Q4 FY25 as against 15% in Q4 FY24. IGL has achieved net profit of Rs 1,467.59 crore in FY2024-25, 16% lower than the net profit of Rs 1,748.08 crore in FY2023-24. The company registered net sales of Rs 14,860.77 crore in FY25, a growth of 7% over FY24. IGL is engaged in the marketing and distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) within the National Capital Territory (NCT) of Delhi. The scrip rose 3.14% to currently trade at Rs 183.80 on the BSE.
Business Standard
28-04-2025
- Business
- Business Standard
Indraprastha Gas consolidated net profit rises 4.92% in the March 2025 quarter
Sales rise 9.84% to Rs 3950.84 crore Net profit of Indraprastha Gas rose 4.92% to Rs 455.14 crore in the quarter ended March 2025 as against Rs 433.79 crore during the previous quarter ended March 2024. Sales rose 9.84% to Rs 3950.84 crore in the quarter ended March 2025 as against Rs 3596.79 crore during the previous quarter ended March 2024. For the full year,net profit declined 13.47% to Rs 1717.76 crore in the year ended March 2025 as against Rs 1985.07 crore during the previous year ended March 2024. Sales rose 6.63% to Rs 14927.80 crore in the year ended March 2025 as against Rs 14000.02 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 3950.843596.79 10 14927.8014000.02 7 OPM % 12.5614.49 - 13.2216.88 - PBDT 690.95680.01 2 2658.392956.46 -10 PBT 569.70569.12 0 2182.532542.50 -14 NP 455.14433.79 5 1717.761985.07 -13
