Indraprastha Gas Q4 Review - No Major Surprises: Nirmal Bang
A compressed natural gas (CNG) pressure gauge is seen on a fuel bowser an Indraprastha Gas Ltd. gas station in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Indraprastha Gas Q4 Review - No Major Surprises: Nirmal Bang

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Nirmal Bang Report

Indraprastha Gas Ltd. reported consolidated Q4 FY21 profit after tax at Rs 3.75 billion, up 29% YoY and was 2.45%/2.9% beat versus our/street estimate.

Revenue was a tad lower at Rs 15.5 billion versus our estimate of Rs 15.57 billion.

Total gas volume at 614 million standard cubic meter was just 0.5% below our estimate.

Gross/Ebitda margin beat our estimates by 36 basis points/157 basis points as gas cost/operating expenditure came in below our estimates.

Compressed natural gas volume was down 2.6% while piped natural gas volume was up 5.2% versus our estimates.

Click on the attachment to read the full report:

Nirmal Bang Indraprastha Gas -Q4FY21 Result Update-26 June 2021.pdf

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