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Indraprastha Gas Q2 PAT seen up 3.6% at Rs 83 cr

Indraprastha Gas (IGL) is likely to post a rise of 3.6% year-on-year in profit after tax of Rs 83 crore in the quarter ended September 2011. The company had reported a profit of Rs 80.1 crore in the corresponding quarter of last fiscal.

October 19, 2011 / 10:57 IST
     
     
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    Indraprastha Gas (IGL) is likely to post a rise of 3.6% year-on-year in profit after tax of Rs 83 crore in the quarter ended September 2011. The company had reported a profit of Rs 80.1 crore in the corresponding quarter of last fiscal.

    Revenues are seen going up by 9% to Rs 590 crore from Rs 536.4 crore during the same period.

    Operating profit margin is expected to be at 28% as against 29.3% year-on-year.

    * IGL has demonstrated it pricing power with 4 hikes so far this year (Last one was October 1; CNG price hiked by Rs 2/kg)

    * So it's been able to pass down most of the cost increase due to high LNG prices

    * Management has also been reiterating that margins will be largely stable

    * But a slight pressure on the margins not ruled out.

    Margins

    - IGL has a D6 gas allocation of 0.3 mmscmd; this has fallen to 0.1 mmscmd

    first published: Oct 19, 2011 10:55 am

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