IGL Q2 profit plunges 93% as higher gas costs erode margins despite record sales
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indraprastha Gas Ltd reported a 93 per cent profit drop for the second quarter of 2026-27.
- ✓Net profit fell to ₹24.38 crore from ₹372.51 crore a year earlier.
- ✓Higher gas costs hurt margins, even though the company saw an 8 per cent increase in sales volumes and a 26 per cent turnover jump.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Net profit fell to ₹24.38 crore in the second quarter of 2026-27 from ₹372.51 crore a year earlier, despite an 8% increase in sales volumes and a 26% jump in gross turnover
Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue.
Net profit fell to ₹24.38 crore in the second quarter of 2026-27 from ₹372.51 crore a year earlier, despite an 8 per cent increase in sales volumes and a 26 per cent jump in gross turnover.
The company said its average daily gas sales crossed the 10 million standard cubic metres per day (mmscmd) mark for the first time, rising to 10.06 mmscmd in the July-September period from 9.31 mmscmd in the corresponding period last year.
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