Q1 2025 Indraprastha Gas Ltd Earnings Call Transcript
Key Points
- CNG sales volume increased by 5% year-on-year, despite a decrease in sales to DTC buses.
- PNG sales volume rose by 7% year-on-year, with a notable 16% increase in the domestic segment.
- Revenue for Q1 FY25 was INR3,877 crores, up by almost 4% from the previous year.
- The company is witnessing a promising development in the two-wheeler market, with new CNG-powered bikes being introduced.
- Indraprastha Gas Ltd (BOM:532514) is targeting a 10% to 12% growth rate for FY26, driven by new LNG stations and increased CNG vehicle adoption.
- EBITDA for Q1 FY25 was INR582 crores, down by 9% from the previous year due to a reduction in CNG sales prices.
- Profit after tax (PAT) for Q1 FY25 was INR401 crores, compared to INR438 crores in the previous year.
- There was a 1% decrease in sales in sequential quarters, attributed to seasonal factors like school vacations and reduced household demand.
- The company faces uncertainty in LNG prices, which could impact future earnings.
- DTC CNG sales volumes have significantly decreased and are expected to continue declining over the next two to three years.
Ladies and gentlemen, good day, and welcome to Indraprastha Gas Limited Q1 FY25 conference call, hosted by IIFL Securities. (Operator Instructions) please note that this conference is being recorded. I now hand the conference over to Mr. Harsh Dole from IIFL Securities Limited. Thank you, and over to you.
Thanks, moderator. Greetings, everyone. On behalf of IIFL Securities, I welcome you all for the first-quarter FY25 earnings call of Indraprastha Gas. To discuss the performance of the quarter and share the operational outlook, we have the senior management team of the company.
I'm pleased to introduce MD IGL, Mr. Kamal Kishore Chatiwal; Director Commercial, Mr. Mohit Bhatia; and VP Finance, Mr. Manjeet Singh. I'd request the management to make the opening remarks. Subsequent to which, the call will be open for Q&A. Over to you, Manjeet-ji.
Thank you. Welcome ladies and gentlemen. I'm Kamal Kishore
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