You are here: Home » Companies » Financial X-Ray
Ashok Leyland wants to be the leader in CNG commercial vehicles
Business Standard

Margin woes emerge for gas distribution companies in Q3 but volumes improve

IGL, Gujarat Gas and MGL have seen profitability contract in Q3

Topics
gas distribution | Q3 results | IGL

Devangshu Datta 



city gas distribution
For IGL and MGL, the downside risks are different

Gas distributors Indraprastha Gas (IGL), and Mahanagar Gas (MGL) all declared results for Q3FY22 recently. The story was more or less the same across the three . While there were some volume gains, there was sharp margin contractions due to the rising price of LNG. The margin contractions were expected and some investors may write them off as caused by extraordinary combination of geopolitical uncertainties (triggered by the Ukraine tensions) and seasonal demands.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, February 09 2022. 20:45 IST

RECOMMENDED FOR YOU

.