IGL shares rally 5% even as Q2 net profit declines 18% YoY

Shares of Indraprastha gas (IGL) rose 5% to their day’s high of Rs 425.50 on BSE even as the company reported a year-on-year fall of 17.8% in its net profit to Rs 454.1 crore for the second quarter of the financial year 2025.

The profit for the same quarter of the previous year was reported at Rs 552.6 crore.

However, IGL’s revenue witnessed a rise of 7% YoY to Rs 4,088 crore for the quarter ended September 30, 2024 against Rs 3,823 crore for the corresponding quarter of the preceding fiscal year.


Meanwhile, the company’s EBITDA fell to Rs 535.2 crore against Rs 657.1 in Q2FY24, witnessing an 18.6% YoY drop. The EBITDA margins were down by 410 bps to 13.1% for the reporting quarter.

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The company had also announced an interim dividend of Rs 5.50 per share, fixing November 12 as the record date for the purpose.

“We wish to inform that Board of Directors in its meeting held today, has declared interim dividend @ 275% i.e. Rs.5.50 per share (Face value of Rs.2/- each) on the equity shares of the Company for the Financial Year 2024-25. The record date for ascertainment of shareholders entitled to receive the aforesaid interim dividend shall be November 12, 2024 (Tuesday),” said the company in a filing to the exchanges.

The shares of IGL have gained 10% in the last one year but managed to increase only marginally by 0.14% in the current year so far. In the last 6 months and 3 months, the stock has fallen by 8.86% and 22.6% respectively.

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