Indraprastha Gas - Record Margins, Volume Recovery Drive Q3 Earnings: Prabhudas Lilladher
Vehicles wait in line to be refueled with CNG at an Indraprastha Gas station in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Indraprastha Gas - Record Margins, Volume Recovery Drive Q3 Earnings: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Indraprastha Gas Ltd. remains an enviable business model with high volume growth due to geographical expansion and addition of new buses and taxis.

Also, shift to private vehicle ownership post Covid-19 pandemic to drive compressed natural gas volumes.

The company remains a play on rising pollution concerns as ban on competing industrial fuel is a major positive.

Q3 FY21 volumes improved sharply from H1 levels as economic activity gathers pace and were at 576 million standard cubic meter (down 6% YoY).

Click on the attachment to read the full report:

Prabhudas Lilladher Indraprastha Gas Q3FY21 Result Update.pdf


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