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Total volumes rose by 4% to 746.19 million standard cubic metre (SCM) in Q1 FY24 from 717.84 million SCM in Q1 FY23. Of this, CNG volume added up to 561.42 million SCM (up 4% YoY) and PNG volumes aggregated to 184.77 million SCM (up 4% YoY).
EBIDTA improved by 4% to Rs 642.38 crore in Q1 FY24 from Rs 617.51 crore in Q1 FY23. EBIDTA margin remained stable at 19%.
Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel.
The scrip tumbled 4.21% to currently trade at Rs 474.25 on the BSE.
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