226.10
3.02%
ICICI Securities Limited
Gross margins in Q2FY21 were at | 13.6/scm, above our estimates due to lower gas costs. On a QoQ basis, margins were flattish. Lower gas costs have enabled IGL to sustain healthy margins. The company reported strong EBITDA/scm at | 8/scm, up | 1.6/scm YoY and | 4.6/scm QoQ on account of positive operating leverage. Going forward, on account of increase in LNG prices, we expect gross margins to decline from current high levels. During the current quarter, IGL also reduced CNG and PNG prices post reduction in domestic gas prices. Hence, we expect margins at | 13.1/scm and...
Number of FII/FPI investors decreased from 305 to 277 in Mar 2025 qtr
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