Indraprastha Gas (IGL) reported its Q3FY20 numbers that were marginally above our estimates on account of higher-than-expected volumes as well as margins. Volumes increased 13.4% YoY to 6.7 mmscmd and came in marginally above our estimate of 6.6 mmscmd. Revenues increased 10.3% YoY to | 1664.2 crore, in line with our estimate of | 1674.5 crore. EBITDA increased 23.3% YoY to | 391.8 crore (our estimates: | 376.7 crore) on lower than estimated gas costs. Subsequently, PAT came in at | 283.9 crore (up...