Sunday, April 19, 2026

Indraprastha Gas Q3 profit dips despite better margins and revenue growth

Date:

Indraprastha Gas Ltd. (IGL) reported a mixed performance for the third quarter on a sequential basis, with profit slipping even as revenue and operating performance improved.

Net profit declined 3.8% quarter-on-quarter to ₹358 crore, from ₹372 crore in the previous quarter.

Revenue rose 1.1% to ₹4,067 crore for the December quarter from ₹4,023 crore, reflecting marginal top-line growth during the period.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased 6.7% to ₹472.5 crore from ₹442.7 crore in the preceding quarter. EBITDA margin improved to 11.6% from 11%, marking an expansion of 60 basis points quarter-on-quarter.

The implementation of the four new Labour Codes has led the company to book an additional ₹28.29 crore expense in the December quarter, the company said in a regulatory exchange.

The company’s board has also declared an interim dividend of ₹3.25 per equity share, aggregating to ₹455 crore. The record date for determining eligible shareholders is February 19, 2026.

Shares of the company ended at 169.20, down 4.04% for the day.

Also Read: Schneider Electric Q3 Results: Net profit falls 12% to ₹97 cr, revenue rises 20%

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Stocks to Watch for April 16: ICICI Lombard, GMR Airports, HDB Financial and more

From GMR Airports reporting a 0.9% year-on-year increase in...

GIFT City funds ask government to undo RBI’s foreign asset reporting mandate

जेएसए एडवोकेट्स एंड सॉलिसिटर्स के पार्टनर राजुल बोहरा ने...

World Bank launches ‘Water Forward’ programme to reach 1 billion amid 40% water gap

The World Bank and other top development lenders launched...

RailTel Corporation secures ₹100 crore contract from Konkan division for IT solution project

Telecom infrastructure firm RailTel Corporation of India Ltd on...