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Indraprastha Gas Ltd News

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside
Updated On : 15 Jul 2024 | 12:56 PM IST

How to trade Modi stocks ahead of LS election results? Complete guide here

The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.

How to trade Modi stocks ahead of LS election results? Complete guide here
Updated On : 31 May 2024 | 10:09 AM IST

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?
Updated On : 30 May 2024 | 5:29 PM IST

Oil & Gas stocks surge in volatile session; IGL soars 7%, Gail India 4.5%

With the exception of Adani Total Gas and Aegis Logistics, all stocks within the Nifty Oil & Gas index witnessed gains

Oil & Gas stocks surge in volatile session; IGL soars 7%, Gail India 4.5%
Updated On : 08 May 2024 | 3:18 PM IST

IGL Q4 results: Net profit rises 16% to Rs 382.8 crore, revenue falls 2.25%

Total gas sale volumes rose 4 per cent to 3,084.5 million standard cubic metres

IGL Q4 results: Net profit rises 16% to Rs 382.8 crore, revenue falls 2.25%
Updated On : 07 May 2024 | 8:34 PM IST

IGL Q4 result: Net profit up 16% at Rs 382 cr, turnover dips to Rs 3,949 cr

Indraprastha Gas Ltd, India's largest CNG retailer, on Tuesday reported a 16 per cent rise in March quarter net profit as it sold more gas. The net profit of Rs 382.80 crore in the latest January-March quarter was compared to Rs 329.75 crore profit registered a year ago, the company said in a statement. For the full 2023-24 fiscal (April 2023 to March 2024), net profit soared 21 per cent to Rs 1,748.08 crore as against Rs 1,445.02 crore in the previous year. Turnover slipped marginally to Rs 3,949.17 crore in January-March from Rs 4,042.57 crore in the corresponding quarter of 2022-23. The gross turnover during the financial year 2023-24 was Rs 15,403.13 crore as compared to Rs 15,543.67 crore in the preceding financial year 2022-23 primarily due to cooling off of international gas prices despite increase in sales volume. "The sales volume in the quarter increased from 8.25 million standard cubic metres per day in Q4 of 2022-23 to 8.73 mmscmd in Q4 of FY'24, showing a volume growt

IGL Q4 result: Net profit up 16% at Rs 382 cr, turnover dips to Rs 3,949 cr
Updated On : 07 May 2024 | 7:43 PM IST

IGL shares to react to this price announcement; check here

Stocks to Watch on March 7: Indraprastha Gas, on Wednesday, reduced the prices of compressed natural gas (CNG) in the national capital by Rs 2.5 per kilogram

IGL shares to react to this price announcement; check here
Updated On : 07 Mar 2024 | 8:09 AM IST

IGL Q3 results: Net profit jumps 41% on higher CNG, piped gas sales

Indraprastha Gas Ltd, India's leading CNG retailer, has reported a 41 per cent jump in third quarter net profit, as the firm recorded higher sales of CNG to automobiles and piped cooking gas to households and industries. The company clocked a net profit of Rs 392.07 crore in October-December - the third quarter of current fiscal that started in April 2023 - compared to Rs 278.26 crore in the same period in the previous year, it said in a statement. IGL operates city gas distribution (CGD) networks across 30 districts in 11 geographical areas across four states of Delhi, Uttar Pradesh, Haryana and Rajasthan. The company said it "registered an overall sales volume growth of 4 per cent over the corresponding quarter in the last fiscal, with the average daily sales going up to 8.48 million standard cubic meters per day from 8.12 mmscmd." "Product wise, CNG recorded sales volume growth of 4 per cent in the quarter, while piped natural gas (PNG) recorded sales volume growth of 5 per cent

IGL Q3 results: Net profit jumps 41% on higher CNG, piped gas sales
Updated On : 26 Jan 2024 | 2:41 PM IST

IGL Q3 results: Net profit rises 41% to Rs 392 crore, revenue falls 4%

On a sequential basis, however, the compressed natural gas (CNG) distribution company's net profit fell 26.6 per cent from Rs 534.8 crore registered in Q2 FY24

IGL Q3 results: Net profit rises 41% to Rs 392 crore, revenue falls 4%
Updated On : 25 Jan 2024 | 8:04 PM IST