Daijiworld Media Network - New Delhi

New Delhi, Oct 31: Indraprastha Gas Ltd (IGL) reported a steep 93.83 per cent decline in consolidated net profit to Rs 23.75 crore for the quarter ended September 30, 2026, compared with Rs 384.95 crore in the corresponding period last year.

However, the company's revenue from operations increased to Rs 5,615.38 crore from Rs 4,445.96 crore in the year-ago period. Total income also rose to Rs 5,751.39 crore from Rs 4,540.86 crore.

IGL said its average daily gas sales crossed the 10 million standard cubic metres per day (mmscmd) milestone for the first time, reaching 10.06 mmscmd during the July-September quarter, compared with 9.31 mmscmd in the corresponding period last year.

Gross sales turnover climbed to Rs 5,999.13 crore from Rs 4,431.63 crore, supported by higher sales volumes and increased gas prices.

During the quarter, compressed natural gas (CNG) sales volumes registered a year-on-year growth of 9 per cent, while piped natural gas (PNG) volumes increased by 8 per cent, reflecting sustained demand from the transport and household segments.

Despite the increase in sales volumes and turnover, the company's profitability came under significant pressure due to rising gas procurement costs, which impacted margins.

IGL operates city gas distribution networks across 34 districts in 11 geographical areas covering Delhi, Uttar Pradesh, Haryana and Rajasthan.

On the stock market, IGL shares settled 1.8 per cent lower at Rs 139.15 apiece on the BSE on Friday.

The stock has touched a 52-week high of Rs 219 and a 52-week low of Rs 137.30.

Over the short term, the company's shares declined 4.46 per cent in one month. Over the past six months, the stock fell 16.28 per cent. On a yearly basis, it has declined 34.38 per cent, while its five-year fall stands at 41.20 per cent.