VERIFIEDMint Markets·20 May 2026neutral

Indraprastha Gas’ volumes rise, but can margins survive the squeeze?

AI Summary

·Indraprastha Gas (IGL) reported a 6% rise in Q4 volumes, driven by growth in CNG and PNG segments.
·Higher gas costs are impacting IGL's margins.
·The shrinking price advantage of CNG over alternatives raises concerns about IGL's Ebitda target of ₹7-8/scm.