IGL · Oil Gas & Consumable Fuels
Indraprastha Gas Ltd. reported revenue of ₹3,597 cr for January to March 2024, — on the year and +1.2% on the quarter.
Operating profit (EBITDA) was ₹521 cr, a margin of 14.5%, — on the year and −132 bps on the quarter.
Net profit was ₹433 cr, — on the year and −8.8% on the quarter, with earnings per share of ₹3.10.
Refining and marketing profits swing with crude and product margins, and inventory gains or losses can move a single quarter sharply. The quarterly statements do not carry refining margins, throughput and inventory gains or losses; those come with the filing read.
On earnings per share of ₹14.18 over the last four quarters, the stock at ₹143.15 trades at 10.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3,459 cr | ₹3,556 cr | ₹3,597 cr | ₹3,517 cr | ₹3,698 cr | ₹3,759 cr | ₹3,948 cr | ₹3,914 cr | ₹4,023 cr | ₹4,068 cr | ₹4,163 cr | ₹4,587 cr |
| YoY | — | — | — | +3% | +7% | +6% | +10% | +11% | +9% | +8% | +5% | +17% |
| EBITDA margin | 19.0% | 15.8% | 14.5% | 16.4% | 14.5% | 9.6% | 12.5% | 13.1% | 11.0% | 11.6% | 10.1% | 6.4% |
| Other income, % of PBT | 22% | 23% | 28% | 25% | 30% | 42% | 35% | 30% | 36% | 33% | 37% | 51% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 22% | 21% | 24% | 22% | 23% | 20% | 20% | 22% | 21% | 22% | 24% | 24% |
| Net profit | ₹553 cr | ₹475 cr | ₹433 cr | ₹480 cr | ₹454 cr | ₹325 cr | ₹453 cr | ₹428 cr | ₹385 cr | ₹392 cr | ₹339 cr | ₹238 cr |
| YoY | — | — | — | −8% | −18% | −32% | +5% | −11% | −15% | +21% | −25% | −44% |
| Core profit YoY | — | — | — | −15% | −25% | −48% | −10% | −17% | −25% | +41% | −24% | −60% |
| EPS | ₹3.95 | ₹3.40 | ₹3.10 | ₹3.44 | ₹3.25 | ₹2.33 | ₹3.25 | ₹3.06 | ₹2.76 | ₹2.81 | ₹2.43 | ₹1.72 |
| Flags | · | · | · | ✓ | 1 | 2 | ✓ | 1 | 1 | ✓ | ✓ | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Indraprastha Gas Ltd. reported revenue of ₹3,597 cr (— on the year) and net profit of ₹433 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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