IGL Q2 result: Net profit plunges 93.5% to ₹24 crore on higher gas costs
Indraprastha Gas set out an expansion in a quarterly results development.
· BS Companies
Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue.
The analysis
Indraprastha Gas reported ₹24 crore, Rs 372.51 crore and Rs 5,999.13 crore, with movement of 8%, 9% and 26% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.7% on the day at ₹139.19, and has returned -8.3% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Indraprastha Gas is running 2.6 points behind its peers.
For Indraprastha Gas, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Indraprastha Gas (IGL), in Oil & Energy.
- Over three months: Indraprastha Gas -8.3% against Oil & Energy -5.7% (2.6 points behind).
- At least 25% below the 52-week high: Indraprastha Gas (35%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Indraprastha GasIGL · Oil & Energy | ₹139.19 | -1.7% | -4.4% | -8.3% | -35.3% | 0.6× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Indraprastha Gas
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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