IGL reported revenues of Rs 9.7bn ( 1.9% YoY), led by muted volume growth of 3.3%. Despite the weakening rupee, there were no hikes in CNG/PNG prices, which resulted in EBITDA margins declining to Rs 5.1/scm; EBITDA was Rs 1.9bn (-12%) and APAT stood at Rs 1.0bn (-15% YoY).