IGL sees profitability margins ballooning in Q1FY17

Indraprastha Gas (IGL) has declared its Q1FY17 results on Monday. The company’s revenue has decreased by 0.23 per cent to Rs 900 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 27.06 per cent to Rs 260 crore in Q1FY17 on a yearly basis. IGL’s EBITDA margin has expanded by 620 basis points to 28.85 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit also has increased by 44.37 per cent to Rs 148 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 510 basis points to 16.42 per cent in Q1FY17 as compared to same period in previous financial year.

IGL’s share price has increased by 2.25 per cent on bourses in early trades; and is trading at Rs 715 on an intraday basis.

IGL is engaged in retail gas distribution business for supply of Compressed Natural Gas (CNG) to the transport sector, Piped Natural Gas (PNG) to domestic, industrial & commercial sectors in Delhi and National Capital Region. The company had a network of 325 stations for supply of CNG as on March 31, 2014, which included 281 stations in Delhi and 44 stations in National Capital Region.