Indraprastha Gas Q1 FY27 Net Profit Drops 48%

Revenue Performance:

Revenue from operations: ₹5,040.15 (Q1 FY27) vs ₹4,326.60 (Q1 FY26) - 16% increase
Other income: ₹103.14 (Q1 FY27) vs ₹90.07 (Q1 FY26)
Total income: ₹5,143.29 (Q1 FY27) vs ₹4,416.67 (Q1 FY26)

Expense Breakdown:

Purchases of natural gas: ₹3,810.86 (Q1 FY27) vs ₹2,927.93 (Q1 FY26)
Excise duty: ₹456.71 (Q1 FY27) vs ₹412.75 (Q1 FY26)
Employee benefits: ₹58.13 (Q1 FY27) vs ₹56.59 (Q1 FY26)
Depreciation: ₹136.35 (Q1 FY27) vs ₹123.78 (Q1 FY26)
Total expenses: ₹4,883.37 (Q1 FY27) vs ₹3,940.87 (Q1 FY26)

Profitability:

Capital Structure:

Profit before tax and share of profit of associates: ₹254.89 (Q1 FY27)
Share of profit of associates: ₹56.83 (Q1 FY27)
Profit before tax: ₹311.72 (Q1 FY27)
Tax expense: ₹73.80 (Q1 FY27)
Profit for the period: ₹237.92 (Q1 FY27)
Total comprehensive income: ₹236.97 (Q1 FY27)
Earnings per share: ₹1.72 (Q1 FY27)

Sales Volumes (Million Scm):

CNG: 656.82 (Q1 FY27) vs 617.63 (Q1 FY26) - 6% increase
LNG: 0.31 (Q1 FY27) vs 0.17 (Q1 FY26) - 82% increase
PNG - Domestic: 71.93 (Q1 FY27) vs 67.31 (Q1 FY26) - 7% increase
PNG - Industrial/Commercial: 104.42 (Q1 FY27) vs 100.26 (Q1 FY26) - 4% increase
Total volumes: 878.98 (Q1 FY27) vs 830.87 (Q1 FY26) - 6% increase
Average daily volume: 9.66 MMSCMD (Q1 FY27) vs 9.13 MMSCMD (Q1 FY26)

Revenue Analysis:

CNG sales (net of excise): ₹3,235.40 crore (Q1 FY27) vs ₹2,896.67 crore (Q1 FY26) - 12% increase
PNG sales: ₹1,334.02 crore (Q1 FY27) vs ₹1,006.93 crore (Q1 FY26) - 32% increase
Total net revenue from operations: ₹4,583.44 crore (Q1 FY27) vs ₹3,913.85 crore (Q1 FY26) - 17% increase
EBIDTA: ₹295.50 crore (Q1 FY27) vs ₹511.75 crore (Q1 FY26) - 42% decrease
EBIDTA margin: 6% (Q1 FY27) vs 13% (Q1 FY26)

Incorporated on June 15, 2023; IGL holds 51% stake
Primary objective: manufacturing, supply, selling and distribution of gas & other meters
Total investment: ₹34.46 crore (unchanged from previous year)
Secured loan advanced during quarter: ₹6.42 crore (previous year: ₹12.75 crore)
Total loan outstanding: ₹34.46 crore (previous year: ₹28.04 crore)
Interest due but not paid: ₹2.77 crore (previous year: ₹2.08 crore)
IGL's share in net loss of subsidiary: ₹2.60 crore (previous year: ₹1.30 crore)
Subsidiary reported total revenue of ₹3.32 crore and net loss of ₹5.09 crore for Q1 FY27

50% equity in Central UP Gas Limited and Maharashtra Natural Gas Limited
Share in total comprehensive income of associates: ₹56.83 crore (Q1 FY27) vs ₹74.77 crore (Q1 FY26)
Maharashtra Natural Gas Limited: Share of net profit ₹50.88 crore
Central U.P. Gas Limited: Share of net profit ₹5.95 crore

Delhi Development Authority raised demand of ₹330.73 crore (excluding interest) for license fee increases
Covers period up to March 31, 2016
Original demand of ₹155.64 crore raised in 2013-14, revised to ₹330.73 crore in August 2016
Company filed writ petition in Delhi High Court on October 11, 2013
Matter disposed by Delhi High Court on March 11, 2026, referring parties to AMRCD mechanism
Representation filed with MoPNG for amicable resolution seeking parity with oil marketing companies
Company views demand as not tenable; reported as contingent liability

PSMG & Associates conducted limited review of financial results
Unmodified review conclusion expressed for both standalone and consolidated results
Emphasis of matter regarding DDA license fee contingent liability
Figures for quarter ended March 31, 2026 represent balancing figures between audited annual figures and published YTD figures