IGL takes second price hike in a month; targeting 33% higher realisation by end-FY26
Published on 05/05/2025 02:29 PM
IGL takes second price hike in a month; targeting 33% higher realisation by end-FY26IGL has increased CNG prices by ₹1 per kg, effective May 3, 2025. The price hike applies to both Delhi and the surrounding regions.By Meghna Sen May 5, 2025, 2:29:00 PM IST (Published)1 Min ReadShares of Indraprastha Gas Limited (IGL) are trading with gains of as much as 6% on Monday, May 5. The stock is up for the third straight session today.
IGL has increased CNG prices by ₹1 per kg, effective May 3, 2025. The price hike applies to both Delhi and the surrounding regions.
In Delhi, the price has been increased by ₹1 to ₹77.09 per kg.
IGL had last raised prices by ₹1 per kg in April 2025.
Delhi CNG volumes account for 68% of IGL's total sales.
IGL reported a 22% rise in its standalone net profit to ₹349 crore for the March quarter, beating estimates of ₹286 crore. The city gas distribution firm's revenue stood at ₹3,950 crore, up 5% from ₹3,759 crore in the previous quarter.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 36.6% quarter-on-quarter to ₹497.2 crore, compared to ₹364 crore in the preceding quarter. The EBITDA margin rose to 12.6%, up from 9.7% in the previous quarter.
During its Q4 earnings call, management signaled the potential for further price hikes.
The company is targeting EBITDA margins of ₹6–7 per scm over the next two quarters, and ₹7–8 per scm post-Q2.
Shares of IGL are currently trading 5.93% higher at ₹204.40. On a year-to-date basis, the stock is flat.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIGLIndraprastha Gas (IGL)