Indraprastha Gas (Q2FY24): High margin offsets muted volume growth. Maintain BUY
Q2FY24 EBITDA/APAT stood at INR 6.6/5.4bn, up +25/29% YoY respectively, and came in above our estimates, owing to higher-than-expected margins
357 Views
Indraprastha Gas (Q1FY24): Strong margins offset volume weakness. Maintain BUY
We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 575, given (1) strong volume growth at ~12% CAGR over FY23-25E
317 Views
Indraprastha Gas (Q1FY24): Strong Margins Offset Volume Weakness.
We maintain our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 575, given (1) strong volume growth at ~12% CAGR over FY23-25E
276 Views
Indraprastha Gas - Strong Margin Performance. Maintain BUY
Q4FY23 EBITDA stood at INR 4.7bn, up +9% QoQ, well above our estimate however, it declined 7% YoY, owing to higher input gas cost.
213 Views
Indraprastha Gas (Results Review 4QFY23): Strong Margin Performance.
Our BUY recommendation on Indraprastha Gas (IGL) with a target price of INR 575 is based on (1) strong volume growth at ~12% CAGR over FY23-25E
194 Views