IGL Q2 FY27 Results: Revenue Rises 27% to ₹5,116 Crore, Net Profit Declines 93%
Indraprastha Gas Limited reported a 27% increase in revenue to ₹5,116 crore for Q2 FY27, but net profit plunged 93% to ₹24 crore. For H1 FY27, revenue rose 22% to ₹9,700 crore, while net profit fell 71% to ₹211 crore. Sales volumes saw an 8% increase. Board meeting held on October 30, 2026.
The substantial decrease in net profit, coupled with revenue growth, suggests a significant impact on the company's profitability and financial health, which is material for investors.
Despite revenue growth, the significant drop in net profit and total comprehensive income indicates a negative financial performance for the quarter and half-year.
Indraprastha Gas Limited (IGL) announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results in a meeting held on October 30, 2026.
For the quarter ended September 30, 2026, the company reported a total revenue from operations of ₹5,116.23 crore, a significant increase of 27% compared to ₹4,023.33 crore in the same period last year. However, the net profit after tax saw a sharp decline of 93%, falling to ₹24.38 crore from ₹372.51 crore in the corresponding quarter of the previous year. Similarly, Total Comprehensive Income (TCI) decreased by 93% to ₹24.80 crore from ₹372.42 crore.
For the half-year ended September 30, 2026, the total revenue from operations stood at ₹9,699.67 crore, an increase of 22% from ₹7,937.18 crore in the prior year. The net profit after tax for the half-year also declined by 71% to ₹210.56 crore from ₹728.45 crore. TCI for the half-year decreased by 71% to ₹210.03 crore from ₹728.28 crore.
The company also reported sales volume growth across various segments. CNG volumes increased by 9% to 696.63 million scm, LNG by 50% to 0.30 million scm, Domestic PNG by 16% to 73.31 million scm, and Industrial/Commercial PNG by 2% to 109.35 million scm. Total volumes grew by 8% to 925.59 million scm.
The limited review reports for both standalone and consolidated financial results were also enclosed. The company's business falls within a single operating segment. A subsidiary, IGL Genesis Technologies Limited, was incorporated on June 15, 2023, with the primary objective of manufacturing, supply, selling, and distribution of gas and other meters. The company has advanced a secured loan to this subsidiary, with the first and second installments of interest due but not paid, leading to the principal amount being classified as a current asset.
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