Indraprastha Gas Q2 Results Review


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Indrapratha Gas Ltd. reported consolidated Q2 FY23 profit after tax of Rs 4.3 billion, up 2% YoY and a 1.7%/1.9% beat on our/street estimates.

Revenue at Rs 35.54 billion was 3.5% above our estimate, while total gas volume at 8.09 million metric standard cubic meter per day saw a 3.7% beat and price per standard cubic meter was a marginal miss.

IGL’s gross/Ebitda margins missed our estimates by 160 bps/102 bps due to cost of goods sold coming in 5.8% above estimate, lower unit Ebitda and beat on volume.

The administered price mechanism gas price review underway by the Kirit Parikh Panel could mitigate the adverse impact of the recent increase in domestic gas price to $8.57/metric million British thermal unit (gross calorific value) for H2 FY23.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Source link

What is your reaction?

In Love
Not Sure

You may also like

Comments are closed.

More in:Business