BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Indraprastha Gas Ltd. volume at 2.71 million metric standard cubic meter per day (down 56.6% YoY) with realizations of Rs 25.6 per standard cubic meter (down 7.1% YoY) was below our estimates.
Volumes in compressed natural gas segment took a bigger hit followed by de-growth in Industrial/commercial segment with strong performance in domestic piped natural gas segment of 39% YoY.
Ebitda/scm de-grew 46.4'% YoY and 49.2% at Rs 3.38/scm. Gas cost de-grew 25.4% in YoY and 17% sequentially to Rs 12.1/scm.
Gross spreads were strong at Rs 13.54 per SCM. Maintenance of spreads at gross and Ebitda levels will be the key monitorable to be watched out for.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.