IGL Navigates Profit Dip Amid West Asia Turmoil

Indraprastha Gas Limited (IGL), the largest city gas retailer in India, has reported a 21% decline in net profit for the fourth quarter ending March 2026. This drop to Rs 277.08 crore comes on the back of increased input gas costs and supply-side challenges linked to disruptions in West Asia.

Despite the dip in profits, IGL witnessed a 6% rise in quarterly sales volume, reaching 9.69 million standard cubic metres per day. The growth was fueled by increased demand in both CNG and piped natural gas segments. The revenue from operations also rose by 6% to Rs 4,571.49 crore, as compared to the previous fiscal year.

For the fiscal year 2025-2026, IGL recorded an 8% increase in turnover to Rs 17,785.36 crore, attributed to a 4% rise in overall sales volume. The annual net profit, however, fell to Rs 1,364.10 crore. In light of these results, the company's board recommended a final dividend of 75%, amounting to Rs 4.75 per equity share.

(With inputs from agencies.)