Indian Gas Sector - City Gas: looking beyond the short-term headwinds
We expect strong CNG volume growth to sustain, as the highest-ever pricing differential between CNG and petrol/diesel incentivizes faster CNG...
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Rewarding 2QFY22, although risk-reward unfavorable
Indraprastha Gas (IGL) reported EBITDA ahead of our estimates. This was led by better-than-estimated volumes (CNG volumes now 8% above pre-COVID...
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Indraprastha Gas: Improved Demand; Outlook Intact
Easing of COVID restrictions, strong financial position, improved capacity utilization, cost improvement initiatives should support performance in...
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Indraprastha Gas: Volume Pick-Up Holds Key
Indraprastha Gas (IGL) is one of India’s largest city gas distribution company and primarily operates in NCT of Delhi. CNG sales contribute more...
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Q4FY21 Result Update - Tough year ends on strong note - BUY
We lower our FY22-23e earnings estimate by 8.7%/5.6% to factor in lower volume assumption even as we increase our margins. FY21 was a difficult...
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