Q4FY'26: Higher gas costs dent IGL profits despite 6% rise in quarterly volumes

New Delhi: Indraprastha Gas Ltd (IGL), the country’s largest city gas retailer, on Monday reported a 21% year‑on‑year decline in net profit for the fourth quarter ended March 2026, citing higher input gas costs and supply‑side pressures linked to disruptions in West Asia.

IGL’s net profit after tax for Q4 stood at Rs 277.08 crore, down from Rs 349.23 crore in the same quarter a year earlier, the company said in a statement. "Due to the impact of the West Asia crisis in the month of March 2026, the net profit after tax for the quarter ending March 2026 is Rs 277.08 crore as compared to Rs 349.23 crore in the corresponding quarter of last financial year," the statement added.

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Despite the profit decline, the company recorded a 6% increase in quarterly sales volume to 9.69 million standard cubic metres per day (mmscmd), driven by growth across both its CNG and piped natural gas (PNG) businesses. CNG volumes rose 5%, while PNG volumes increased 6% year‑on‑year.

Revenue from operations for the quarter increased 6% to Rs 4,571.49 crore, up from Rs 4,322.71 crore in Q4 FY25.

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For the full fiscal year FY26 (April 2025–March 2026), IGL reported an 8% rise in gross turnover to Rs 17,785.36 crore, supported by a 4% increase in overall sales volume to 9.39 mmscmd. CNG volumes for the year grew 4%; domestic PNG rose 9%; and industrial and commercial PNG climbed 5%.

Annual net profit fell to Rs 1,364.10 crore in FY26 from Rs 1,467.59 crore in FY25, the company said, attributing the decline to higher input costs in the latter part of the fiscal.

IGL’s board recommended a final dividend of 75%, taking the total dividend for FY26 to 237.5% or Rs 4.75 per equity share.

The company operates an extensive city gas distribution network across Delhi‑NCR and adjoining regions, with over 28,000 km of pipelines and more than 1,000 CNG stations, serving over 2.1 million vehicles and more than three million households.

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