Q4 2024 Indraprastha Gas Ltd Earnings Call Transcript
Key Points
- Indraprastha Gas Ltd (BOM:532514) achieved the highest-ever annual sales volume of 8.43 MMSCMD and the highest single-day CNG sale of 52 lakh kg in FY23-24.
- The company reported the highest-ever EBITDA of INR2,367 crores and profit after tax of INR1,748 crores during the year.
- Sales volume grew by 4% to 8.43 million cubic meters per day, and EBITDA per SCM increased from INR6.86 to INR7.67 per SCM.
- The company added 90 new CNG stations and 3.3 lakh new domestic connections, along with significant infrastructure additions.
- Indraprastha Gas Ltd (BOM:532514) is focusing on LNG and CBG to improve volume and profitability and is evaluating opportunities in renewable energy to reduce power costs.
- The company faces challenges in maintaining a balance between volume growth and profits, especially in new geographical areas (GAs).
- The industrial volumes were flat last year due to pricing pressure from alternate fuels, posing a challenge for growth in this segment.
- The conversion of DTC buses to EVs has led to a significant reduction in CNG sales, with further reductions expected as more buses are converted.
- The company is experiencing competition from LPG in the industrial segment, which could impact its market share and profitability.
- Operational expenses increased due to one-time costs related to CSR activities and employee incentives, affecting the overall cost structure.
Ladies and gentlemen, good day, and welcome to the Indraprastha Gas Limited Q4 FY24 earnings conference call hosted by Antique Stock Broking. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Varatharajan from Antique Stock Broking. Thank you and over to you, sir.
Thank you, Manav. Very good evening to everyone on the call. I'd like to extend a very warm welcome to all the participants and the management of IGL to this call. The management is represented by Mr. Kamal Kishore Chatiwal, Managing Director; Mr. Mohit Bhati, Director, Commercial; Mr. Sanjay Kumar, CFO; and Mr. Mandeep Singh, VP, Finance.
Once again, welcome, everyone. I'd like to hand over the floor to the management for their initial remarks. Over to you, sir.
Thank you, everybody. A very good afternoon to all of you. I'm Kamal Kishore
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