New Delhi, February 12 Indraprastha Gas Ltd, India's largest city gas distributor, reported a 25 per cent increase in net profit for the December quarter on Thursday, driven by higher margins and sales of both CNG and piped cooking gas, which offset the financial impact of staff costs.
Net profit stood at Rs 358.57 crore for the October-December period – the third quarter of the 2025-26 fiscal year – compared to Rs 285.82 crore in the same period of the previous fiscal, the company said in a statement.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) per cubic meter of gas sold rose to Rs 5.45 in Q3 from Rs 4.29 a year ago.
"IGL registered an overall sales volume growth of 3 per cent compared to the corresponding quarter in the previous fiscal, with average daily sales increasing from 9.11 million standard cubic meters per day to 9.43 mmscmd during the quarter," it said.
Sales of piped natural gas (sold to household kitchens for cooking and industries as feedstock) recorded a 4 per cent sales volume growth in the quarter, while CNG recorded a 3 per cent sales volume growth compared to the corresponding quarter last year, the company said, without providing specific figures.
The profit increase was despite the company incurring a loss of Rs 28.29 crore due to the implementation of new labour codes.
IGL, which operates city gas distribution (CGD) networks across 33 districts in 12 geographical areas across Delhi, Uttar Pradesh, Haryana, and Rajasthan, also declared an interim dividend of 162.5 per cent – Rs 3.25 per equity share, amounting to Rs 455 crore during Q3 of FY 2025-26.
The total gross sales value during the quarter has grown to Rs 4,465 crore, compared to Rs 4,130 crore during the third quarter of FY’25, representing an 8 per cent increase. The EBITDA per scm during the quarter has also increased from Rs 4.29 to Rs 5.45, representing a 27 per cent increase compared to the corresponding quarter in the previous financial year.
