IGL Share Price Drops 3.09%; Announced Q3 FY25 Results and Bonus Issue Record Date is Set for January 31

lndraprastha Gas Limited (IGL) announced its financial results for the quarter ended December 31, 2024.

Post the announcement, on January 28, 2025, IGL share price opened at ₹384.70, up from its previous close of ₹377.50. At 9:44 AM, the share price of IGL was trading at ₹365.85, down by 3.09% on the NSE.

Q3 and 9M Ended December 31, 2024 Financial Highlights

For the three months ending December 31, 2024, the total income stood at ₹4,234.49 crore, showing an increase from ₹4,171.42 crore in the preceding quarter and ₹3,980.76 crore in the corresponding quarter of the previous year. However, the profit for the period declined to ₹325.42 crore, compared to ₹454.17 crore in the preceding quarter and ₹475.45 crore in the same period last year.

For the year-to-date figures ending December 31, 2024, the total income reached ₹12,369.74 crore, reflecting growth from ₹11,672.47 crore during the corresponding period of 2023. Meanwhile, the profit for the year-to-date period dropped to ₹1,259.80 crore, down from ₹1,550.11 crore recorded in the same period last year.

IGL Dividend During Q3 FY 2024-25

The company also stated that it has paid an interim dividend of 200% i.e. ₹4.00 per equity share amounting to ₹280.00 crores during Q3 FY 2024-25.

IGL Bonus Issue Record Date

On January 16, 2025, the company announced that its members approved the issuance of bonus shares in a 1:1 ratio. The Bonus Issue Committee has set Friday, January 31, 2025, as the Record Date to determine shareholder eligibility for receiving the bonus shares. The deemed date of allotment for the bonus shares has been scheduled for Monday, February 3, 2025.

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