IGL Q1 profit falls 44% to ₹238 crore as volatile LNG prices weigh

Indraprastha Gas reported a 16.5 per cent rise in total income to Rs 5,145 crore in the June quarter, while overall sales volume grew 6 per cent year-on-year

Indraprastha Gas Ltd (IGL), the country’s largest city gas distributor, reported a 44 per cent year-on-year (Y-o-Y) decline in consolidated net profit to ₹238 crore for April-June quarter (Q1) of FY26-27 (FY27) as high and volatile liquefied natural gas (LNG) prices affected margins amid ongoing West Asia crisis.

 

However, the company’s total income grew 16.5 per cent Y-o-Y to ₹5,145 crore in FY27 from ₹4,416 crore in the year-ago period.

 

“The overall sales volume grew 6 per cent over the corresponding quarter in 2025-26, with the average daily sale going up from 9.13 million standard cubic meter per day (mmscmd) to 9.66 mmscmd during this period, which is again the highest ever recorded by the company,” IGL said in a statement.

 

 

Product wise, compressed natural gas (CNG) recorded Y-o-Y sales volume growth of 6 per cent, while piped natural gas (PNG) -- including domestic, industrial and commercial PNG -- recorded 5 per cent Y-o-Y sales volume growth in the quarter ended June 2026.

 

IGL is the largest CNG distribution company of the country, operating City Gas Distribution (CGD) networks across 33 districts in 12 geographical areas across four states including Delhi, Uttar Pradesh, Haryana and Rajasthan.

 

The company has laid out city gas distribution infrastructure in Delhi, Noida, Greater Noida, Ghaziabad, Faridabad, Rewari, Gurugram, Karnal, Kaithal, Fatehpur, Ajmer, Pali, Rajsamand, Hamirpur, Shamli, Muzaffarnagar, Banda and parts of Kanpur and Meerut via 33,000 kilometer of pipeline network.

 

IGL meets fuel requirements of over 2.1 million vehicles running on CNG through a network of over 1,000 CNG stations. It has connected over three million households in these cities with PNG.