Indraprastha Gas Ltd

Indraprastha Gas will hold a meeting of the Board of Directors of the Company on 27 April 2025.Powered by Capital Market - Live

The key benchmark indices traded near the flat line with some positive bias in early afternoon trade. The Nifty traded tad above the 23,350 mark. Media shares extended gains for the third consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 43.68 points or 0.06% to 76,783.23. The Nifty 50 index added 24 points or 0.10% to 23,352.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 0.57% and the S&P BSE Small-Cap index rallied 0.91%. The market breadth was strong. On the BSE, 2,575 shares rose and 1,177 shares fell. A total of 172 shares were unchanged. Derivatives : The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.96% to 15.62. The Nifty 24 April 2025 futures were trading at 23,349.70, at a discount of 2.85 points as compared with the spot at 23,352.55. The Nifty option chain for the 30 April 2025 expiry showed a maximum call OI of 9.6 lakh contracts at the 24,000 strike price. A maximum put OI of 6.3 lakh contracts was seen at a 23,000 strike price. Buzzing Index: The Media index rose 0.99% to 1,563.85. The index jumped 5.72% in three trading sessions. Zee Entertainment Enterprises (up 3.2%), Network 18 Media & Investments (up 2.06%), Tips Music (up 1.99%), D B Corp (up 1.83%), Hathway Cable & Datacom (up 1.35%), Dish TV India (up 0.88%), Nazara Technologies (up 0.33%) and PVR Inox (up 0.13%) advanced. Stocks in Spotlight: Indraprastha Gas (IGL) slipped 2.12% after the company disclosed a reduction in its domestic gas allocation, a move that is expected to impact its profitability. It has received a communication from GAIL (India) the nodal agency for domestic gas distribution stating that its allocation of domestic natural gas for the supply of piped natural gas (PNG) to households and compressed natural gas (CNG) for vehicles has been reduced by approximately 20%, effective 16 April 2025. Unicommerce Esolutions added 1.77%. The company announced the resignation of Bhupinder Garg as chief technical officer (CTO) of the company due to personal reasons, with effect from 15 April 2025. Prozone Realty hit an upper circuit of 2% after the company announced that its board has approved the acquisition of 100% equity shares of Probliss Realty. It will invest Rs 1 lakh to acquire 10,000 equity shares of Rs 10 each at par in Probliss Realty, a private entity incorporated on 24 November 2022, with a paid-up share capital of Rs 1 lakh.Powered by Capital Market - Live

According to a regulatory update, IGL has received a communication from GAIL (India)'the nodal agency for domestic gas distribution'stating that its allocation of domestic natural gas for the supply of piped natural gas (PNG) to households and compressed natural gas (CNG) for vehicles has been reduced by approximately 20%, effective 16 April 2025. Currently, IGL receives gas at a government-fixed price of $6.75/MMBtu. The reduction in this cheaper domestic gas allocation is likely to increase input costs for the company. To partially offset the shortfall, IGL has been allocated additional volumes of New Well Gas (NWG), equivalent to roughly 125% of the reduction in domestic gas. However, this gas comes at a steeper price'12% of the Indian Crude Basket (ICB). The company noted that this shift in allocation and pricing structure is expected to affect its profitability. It has not yet outlined specific steps to mitigate the impact. IGL is engaged in the marketing and distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) within the National Capital Territory (NCT) of Delhi. On a consolidated basis, net profit of IGL declined 31.49% to Rs 326.55 crore while net sales rose 5.70% to Rs 3758.76 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Indraprastha Gas Ltd fell for a fifth straight session today. The stock is quoting at Rs 190.27, down 1.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 23104.35. The Sensex is at 76395.31, up 0.13%.Indraprastha Gas Ltd has eased around 6.31% in last one month.Meanwhile, Nifty Energy index of which Indraprastha Gas Ltd is a constituent, has eased around 3.87% in last one month and is currently quoting at 31436.75, down 0.25% on the day. The volume in the stock stood at 21.57 lakh shares today, compared to the daily average of 39.48 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 189.32, down 0.11% on the day. Indraprastha Gas Ltd tumbled 12.5% in last one year as compared to a 6.26% rally in NIFTY and a 18.32% fall in the Nifty Energy index.The PE of the stock is 17.85 based on TTM earnings ending December 24.Powered by Capital Market - Live

Indraprastha Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 396.1, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 23261.2. The Sensex is at 76755.34, up 0.29%. Indraprastha Gas Ltd has dropped around 4.7% in last one month. Meanwhile, Nifty Energy index of which Indraprastha Gas Ltd is a constituent, has dropped around 5.72% in last one month and is currently quoting at 32607.85, up 1.74% on the day. The volume in the stock stood at 24.77 lakh shares today, compared to the daily average of 47.4 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 396.35, up 1.32% on the day. Indraprastha Gas Ltd is down 7.97% in last one year as compared to a 7.07% gain in NIFTY and a 9.72% gain in the Nifty Energy index.The PE of the stock is 18.17 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net profit of Indraprastha Gas declined 31.49% to Rs 326.55 crore in the quarter ended December 2024 as against Rs 476.62 crore during the previous quarter ended December 2023. Sales rose 5.70% to Rs 3758.76 crore in the quarter ended December 2024 as against Rs 3556.19 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3758.763556.19 6 OPM %9.6315.81 - PBDT530.13700.88 -24 PBT408.47598.97 -32 NP326.55476.62 -31 Powered by Capital Market - Live

Indraprastha Gas has fixed 31 January 2025 as record date for bonus issue of 1:1. Accordingly, the deemed date of allotment of the bonus shares is 03 February 2025. Powered by Capital Market - Live

Indraprastha Gas will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

The Board of Indraprastha Gas has approved following changes in the Directorship of the Company: (i) Appointment of Sukhmal Kumar Jain (DIN: 09206648) as an Additional Director and Chairman w.e.f. 14 January 2025. (ii) Cessation of R.K. Jain (DIN: 08788595) as Chairman and Director w.e.f. 14 January 2025. (iii) Appointment of Sanjay Kumar (DIN: 08346704) as an Additional Director w.e.f. 14 January 2025. (iv) Cessation of Pankaj Kumar (DIN: 07245781) as a Director w.e.f. 14 January 2025.Powered by Capital Market - Live

Sukhmal Kumar Jain, nominee of BPCL, is Director (Marketing) & Member of the Board of Bharat Petroleum Corporation. He has a graduation degree in mechanical engineering from Delhi College of Engineering (now Delhi Technology University) and an MBA from SP Jain Institute of Management & Research. In his 37 years with BPCL, he has held several leadership positions in retail, LPG, and gas verticals. He has been actively involved in national-level initiatives, like the Give It Up campaign and Pradhan Mantri Ujjwala Yojana, in LPG business and has successfully navigated the strategy and loyalty programs in retail business. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. The company's consolidated net profit declined 17.69% to Rs 454.88 crore in Q2 FY25 as compared with Rs 552.67 crore in Q2 FY24. However, revenue from operations (excl. excise duty) rose 6.91% YoY to Rs 3,697.6 crore in Q2 FY25. Shares of Indraprastha Gas declined 2.14% to Rs 404.30 on the BSE.Powered by Capital Market - Live