Indraprastha Gas (IGL) Q4 23/24 earnings summary

Executive summary

• Achieved record sales volume of 8.43 MMSCMD and highest-ever PAT of ₹1,748 Cr in FY24, despite a slight decrease in gross turnover to ₹15,403 Cr year-over-year.

• Expanded to 11 geographical areas across 32 districts, with 882 CNG stations and over 3.3 lakh new PNG household connections added.

• Maintained zero debt status and received a CARE AAA (Stable) credit rating.

Financial highlights

• Gross turnover: ₹15,403 Cr, down 0.99% from previous year.

• PAT: ₹1,748 Cr, up 20.97% year-over-year.

• EPS: ₹24.97, up from ₹20.64 last year.

• Dividend: Final ₹5/share (250%), interim ₹4/share (200%).

• Consolidated PAT: ₹1,983 Cr, up from ₹1,640 Cr.

Outlook and guidance

• Plans to expand into renewable energy, green logistics, LNG fuel stations, and EV charging infrastructure.

• Targeting net zero emissions with a sustainability roadmap.

• Exploring acquisitions in the CGD sector and backward integration via meter manufacturing JV.