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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EBITDA/scm normalizes; stronger crosswinds ahead
IGL reported a mixed bag result, with lower than our estimate EBITDA/scm (at INR8) and higher than our estimate volumes (at 6.8mmscmd) translating...
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HSIE Results Daily: ONGC, Indraprastha Gas
Indraprastha Gas: Our BUY recommendation on Indraprastha Gas with a target price of INR 603 is premised on (1) robust volume growth, led by its...
212 Views