IGL Q3 Results: Net Profit Jumps 25% to ₹359 Crore on Higher CNG Volumes, Declares ₹3.25/Share Dividend

NEW DELHI, FEBRUARY 12, 2026: Indraprastha Gas Limited (IGL) reported a 25% year-on-year jump in standalone net profit at ₹358.57 crore for the December 2025 quarter, driven by higher CNG volumes and better realisations.

The board declared an interim dividend of ₹3.25 per share (face value ₹2 each) for FY26. The record date is fixed as February 19, 2026.

Key Highlights:

Net Profit: ₹358.57 crore vs ₹285.82 crore (YoY +25%)

Revenue from Operations: ₹4,488.71 crore vs ₹4,142.53 crore (YoY +8%)

EBITDA: ₹472.52 crore vs ₹359.77 crore (YoY +31%)

EBITDA Margin: 12% vs 10%

EPS (post bonus): ₹2.56 vs ₹2.04

Total Volumes: 867.18 MMSCM vs 838.10 MMSCM (YoY +3%)

Segment-wise Volume Growth:

CNG: 637.15 MMSCM vs 616.25 MMSCM (+3%)

PNG Domestic: 71.47 MMSCM vs 66.28 MMSCM (+8%)

PNG Industrial/Commercial: 112.40 MMSCM vs 109.21 MMSCM (+3%)

Total PNG: 229.87 MMSCM vs 221.49 MMSCM (+4%)

Nine-Month Performance (Apr-Dec 2025):

Net Profit: ₹1,087.02 crore vs ₹1,118.36 crore (-3%)

Revenue: ₹13,261.20 crore vs ₹12,113.97 crore (+9%)

Total Volumes: 2,554.75 MMSCM vs 2,454.47 MMSCM (+4%)

One-Time Items:

Labour Code Provision: ₹28.29 crore recognised in Q3 on account of New Labour Codes effective November 21, 2025.

DDA Dispute: ₹330.73 crore demand pending before Delhi High Court. No provision made, continues as contingent liability.

Dividend:

Interim Dividend: ₹3.25 per share (162.5%)

Record Date: February 19, 2026

Total Payout: ₹455 crore

Consolidated Performance:

Q3 Net Profit: ₹392.01 crore vs ₹325.42 crore (+20%)

Share of Associate Profit: ₹77.56 crore vs ₹81.91 crore

Subsidiary (IGL Genesis): Share of loss ₹4.49 crore in 9M FY26

Auditors' Opinion:

Unmodified review conclusion. Emphasis matters on DDA dispute and Labour Code impact.

Market Reaction:

IGL shares closed at ₹412.35 on NSE, up 1.8%.