IGL Q1 FY26 Earnings Results: Net Profit Falls 11% YoY to ₹428 Crore Despite 11% Growth in Revenue

Indraprastha Gas Limited (IGL) reported a drop in profit for the first quarter of FY26. The company posted a consolidated net profit of ₹427.81 crore, down 10.9% compared to ₹480.22 crore in Q1FY25. 

IGL Q1 FY26 Earnings: Revenue and EBITDA Performance

Revenue rose by 11.2% year-on-year, reaching ₹4,326.75 crore in Q1FY26 from ₹3,887.52 crore in the same quarter last year. However, IGL’s operating performance weakened. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) dropped by 12% to ₹511.75 crore, down from ₹581.85 crore a year ago. EBITDA margin also decreased to 13% from 17% previous year.

Volume Growth but Lower Margins

Total gas volumes increased 6% to 830.87 million standard cubic meters (SCM). While sales of CNG and PNG improved, LNG volumes dropped sharply by 56%. This had an impact on overall margins and profitability.

Subsidiaries and Standalone Results

The results also account for the performance of IGL Genesis Technologies and its associate companies, Maharashtra Natural Gas and Central U.P. Gas. On a standalone basis, IGL’s profit declined 11.33% to ₹355.94 crore, while standalone revenue climbed 11.29% to ₹4,326.60 crore.

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Indraprastha Gas Share Price Movement 

As of July 30, 2025, Indraprastha Gas share price (NSE: IGL) was trading at ₹203.85, down 1.02%. The stock opened at ₹205.99 and hit a high of ₹206.55 and a low of ₹202.01 during the day. The company's market capitalisation stood at ₹28,540 crore. Its current price-to-earnings (P/E) ratio is 16.61. The stock’s 52-week high is ₹285.18, while the 52-week low is ₹153.05.

Conclusion

Although IGL posted strong revenue growth in Q1FY26, its profit declined due to shrinking margins and higher operational costs. A drop in LNG volumes and reduced EBITDA margin added pressure to the bottom line. The company needs to focus on improving efficiency to boost profitability in the coming quarters.

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