Indraprastha Gas Q3 profit dips despite better margins and revenue growth

Indraprastha Gas Ltd. (IGL) reported a mixed performance for the third quarter on a sequential basis, with profit slipping even as revenue and operating performance improved.

Net profit declined 3.8% quarter-on-quarter to ₹358 crore, from ₹372 crore in the previous quarter.

Revenue rose 1.1% to ₹4,067 crore for the December quarter from ₹4,023 crore, reflecting marginal top-line growth during the period.

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased 6.7% to ₹472.5

crore from ₹442.7 crore in the preceding quarter. EBITDA margin improved to 11.6% from 11%, marking an expansion of 60 basis points quarter-on-quarter.

The implementation of the four new Labour Codes has led the company to book an additional ₹28.29 crore expense in the December quarter, the company said in a regulatory exchange. 

The company's board has also declared an interim dividend of ₹3.25 per equity share, aggregating to ₹455 crore. The record date for determining eligible shareholders is February 19, 2026.

Shares of the company ended at ₹169.20, down 4.04% for the day. 

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