Indraprastha Gas Ltd's Q3FY25 Quarterly Results

Result Summary

• Indraprastha Gas Ltd reported a 1.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.5%.
• Its expenses for the quarter were up by 7.2% QoQ and 13.7% YoY.
• The net profit decreased 28.3% QoQ and decreased 31.6% YoY.
• The earnings per share (EPS) of Indraprastha Gas Ltd stood at 4.7 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Indraprastha Gas Ltd (IGL) is a prominent player in the energy sector of India, primarily engaged in the distribution of natural gas. The company operates in the compressed natural gas (CNG) and piped natural gas (PNG) segments, catering to both vehicular and domestic customers across various regions. IGL's services are crucial in promoting cleaner energy alternatives, contributing significantly to environmental sustainability efforts. As of the latest available data, the company continues to expand its distribution network to enhance accessibility and meet the growing demand for natural gas. While details about any recent major developments are not specifically provided here, the company has historically focused on expanding its infrastructure and customer base.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Indraprastha Gas Ltd reported a total income of ₹3,847.16 crores. This reflects a quarter-over-quarter (QoQ) increase of 1.8% from ₹3,780.62 crores in the second quarter of fiscal year 2025 (Q2FY25). Year-over-year (YoY), the total income increased by 6.5% from ₹3,610.76 crores in the third quarter of fiscal year 2024 (Q3FY24). The upward trend in total income over both the previous quarter and the same quarter last year indicates a consistent revenue stream, likely driven by the company's efforts to expand its customer base and enhance service offerings.

Profitability

The company's profitability metrics for Q3FY25 indicate a decline when compared to both the preceding quarter and the same quarter in the previous year. Profit Before Tax (PBT) for Q3FY25 stood at ₹326.56 crores, which is a decrease of 34.3% QoQ from ₹497.06 crores in Q2FY25, and a 36.4% YoY decline from ₹513.22 crores in Q3FY24. Profit After Tax (PAT) similarly decreased by 28.3% QoQ from ₹454.17 crores in Q2FY25 to ₹325.42 crores in Q3FY25, and by 31.6% YoY from ₹475.45 crores in Q3FY24. The Earnings Per Share (EPS) also saw a reduction, recorded at ₹4.70 in Q3FY25, down from ₹6.50 in Q2FY25 and ₹6.80 in Q3FY24, reflecting declines of 27.7% QoQ and 30.9% YoY respectively.

Operating Metrics

The financial data indicates that Indraprastha Gas Ltd experienced a rise in total expenses during Q3FY25, amounting to ₹3,520.60 crores. This represents a 7.2% QoQ increase from ₹3,283.56 crores in Q2FY25 and a 13.7% YoY increase from ₹3,097.54 crores in Q3FY24. The increase in expenses outpaced the revenue growth in both QoQ and YoY terms, impacting the overall profitability of the company. The tax expense for Q3FY25 was ₹83.05 crores, which decreased by 37.7% QoQ from ₹133.41 crores in Q2FY25 and by 32.8% YoY from ₹123.52 crores in Q3FY24. This reduction in tax expenses corresponds with the decline in profit before tax for the period.