Indraprastha Gas (IGL) reported its Q2FY20 numbers that were operationally above our estimates on account of marginally higher-than-expected volumes and lower-than-expected other expenses. Volumes at 6.6 mmscmd came in marginally above our estimates of 6.5 mmscmd. Revenues increased 19.1% YoY to | 1692.5 crore, marginally above our estimate of | 1676.4 crore on account of higher volumes. EBITDA increased 27.5% YoY to | 392.6 crore (our estimate: | 369.6 crore) on account of lower-thanexpected other expenses. PAT came in at | 381 crore (up 103.4% YoY), higher than estimate of | 262.6 crore, supported by net tax reversal of | 13.3...