Indraprastha Gas Rises Despite Profit Dip

  Published 8 months ago

IGL shares rise 2% as Q1 profit falls 11% YoY; strong ops and gas cost savings support sentiment.

  • Revenue rose 11.3% YoY in Q1; profit beat J.P. Morgan estimates by 9% despite overall decline.
  • Morgan Stanley sees stable operations; suggests 3–4% price hike needed to sustain profitability.
  • Analysts are largely bullish; 30 rate it “buy” with a median target of Rs 220 despite a 0.4% YTD drop.

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