Net profit fell 29.5% to ₹240 crore from ₹341 crore in the previous quarter, while EBITDA declined 30.4% to ₹293.4 crore from ₹421.4 crore. EBITDA margin consequently narrowed to 6.4% from 10% in Q4 FY26.
Revenue, however, moved in the opposite direction, rising 10% to ₹4,586 crore from ₹4,162 crore in the March quarter.
On the volume front, IGL’s CNG volumes grew 6% year on year, while domestic PNG volumes increased 7% during the quarter, pointing to continued demand across its core city gas distribution businesses.
Shares of IGL fell after the earnings announcement on August 13. The stock was trading at ₹151.79 on the NSE, down 1.78%, according to the figures provided.
The June-quarter performance comes after a series of CNG price increases earlier in the year.
In May, IGL raised CNG prices by ₹1 per kg across all its geographical areas, effective from 6 am on May 23. Following the revision, CNG in Delhi was priced at ₹81.09 per kg.The company had said the May increase was aimed at partially offsetting higher input gas costs and the sharp appreciation in the US dollar. It was the third CNG price increase in May, taking the total hike during the month to ₹4 per kg.
The latest quarterly numbers therefore come against a backdrop of higher CNG pricing, growing volumes but weaker sequential profitability, with the sharp contraction in EBITDA and margins remaining the key feature of the quarter.
