Indraprastha Gas Ltd. share price target

IGL reported revenues of Rs 9.0bn ( 3.8% YoY) led by muted volume growth of 2.3%. EBITDA margins declined to Rs 5.6/scm (-8%) due to the timing mismatch between hike in domestic gas prices and matching rise in CNG prices. Consequently, EBITDA was Rs 2.0bn (-6%) and APAT was Rs 1.0bn (-10.7%).

IGL reported revenues of Rs 9.2bn (-5.3% YoY) led by lower realisation. EBITDA margin declined to Rs 5.1/scm (-8.2%) owing to the hike in domestic gas prices effective 1-Nov-14 and no matching rise in CNG and PNG prices. However, lower depreciation (change in accounting policy) and lower interest cost (debt reduction) boosted PAT to Rs 1.0bn ( 6%).

IGL reported revenues of Rs 9.4bn (-9% YoY) led by lower realisation (-12%). EBITDA margins declined to Rs 5.4/scm (-4% yoY) due to the hike in domestic gas prices effective 1-Nov-14 and no matching rise in CNG prices