Indraprastha Gas Ltd

Indraprastha Gas Ltd fell for a fifth straight session today. The stock is quoting at Rs 190.27, down 1.08% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 23104.35. The Sensex is at 76395.31, up 0.13%.Indraprastha Gas Ltd has eased around 6.31% in last one month.Meanwhile, Nifty Energy index of which Indraprastha Gas Ltd is a constituent, has eased around 3.87% in last one month and is currently quoting at 31436.75, down 0.25% on the day. The volume in the stock stood at 21.57 lakh shares today, compared to the daily average of 39.48 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 189.32, down 0.11% on the day. Indraprastha Gas Ltd tumbled 12.5% in last one year as compared to a 6.26% rally in NIFTY and a 18.32% fall in the Nifty Energy index.The PE of the stock is 17.85 based on TTM earnings ending December 24.Powered by Capital Market - Live

Indraprastha Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 396.1, up 1.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 23261.2. The Sensex is at 76755.34, up 0.29%. Indraprastha Gas Ltd has dropped around 4.7% in last one month. Meanwhile, Nifty Energy index of which Indraprastha Gas Ltd is a constituent, has dropped around 5.72% in last one month and is currently quoting at 32607.85, up 1.74% on the day. The volume in the stock stood at 24.77 lakh shares today, compared to the daily average of 47.4 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 396.35, up 1.32% on the day. Indraprastha Gas Ltd is down 7.97% in last one year as compared to a 7.07% gain in NIFTY and a 9.72% gain in the Nifty Energy index.The PE of the stock is 18.17 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net profit of Indraprastha Gas declined 31.49% to Rs 326.55 crore in the quarter ended December 2024 as against Rs 476.62 crore during the previous quarter ended December 2023. Sales rose 5.70% to Rs 3758.76 crore in the quarter ended December 2024 as against Rs 3556.19 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3758.763556.19 6 OPM %9.6315.81 - PBDT530.13700.88 -24 PBT408.47598.97 -32 NP326.55476.62 -31 Powered by Capital Market - Live

Indraprastha Gas has fixed 31 January 2025 as record date for bonus issue of 1:1. Accordingly, the deemed date of allotment of the bonus shares is 03 February 2025. Powered by Capital Market - Live

Indraprastha Gas will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

The Board of Indraprastha Gas has approved following changes in the Directorship of the Company: (i) Appointment of Sukhmal Kumar Jain (DIN: 09206648) as an Additional Director and Chairman w.e.f. 14 January 2025. (ii) Cessation of R.K. Jain (DIN: 08788595) as Chairman and Director w.e.f. 14 January 2025. (iii) Appointment of Sanjay Kumar (DIN: 08346704) as an Additional Director w.e.f. 14 January 2025. (iv) Cessation of Pankaj Kumar (DIN: 07245781) as a Director w.e.f. 14 January 2025.Powered by Capital Market - Live

Sukhmal Kumar Jain, nominee of BPCL, is Director (Marketing) & Member of the Board of Bharat Petroleum Corporation. He has a graduation degree in mechanical engineering from Delhi College of Engineering (now Delhi Technology University) and an MBA from SP Jain Institute of Management & Research. In his 37 years with BPCL, he has held several leadership positions in retail, LPG, and gas verticals. He has been actively involved in national-level initiatives, like the Give It Up campaign and Pradhan Mantri Ujjwala Yojana, in LPG business and has successfully navigated the strategy and loyalty programs in retail business. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. The company's consolidated net profit declined 17.69% to Rs 454.88 crore in Q2 FY25 as compared with Rs 552.67 crore in Q2 FY24. However, revenue from operations (excl. excise duty) rose 6.91% YoY to Rs 3,697.6 crore in Q2 FY25. Shares of Indraprastha Gas declined 2.14% to Rs 404.30 on the BSE.Powered by Capital Market - Live

Indraprastha Gas (IGL) announced that as per the communication received from GAIL (India) (the nodal agency for domestic gas allocation), the domestic gas allocation to IGL has been revised upwards by 31% with effect from 16 January 2025 increasing the share of domestic gas in CNG Segment from 37% to 51%. The company has also tied-up additional RLNG volumes on term basis at competitive prices, with one of the major suppliers (around 1.0 MMSCMD). The above revision and signing of additional volumes shall have a positive impact on profitability of the company. Powered by Capital Market - Live

This revision in allocation by GAIL (India), has resulted in increase in the company's share of domestic gas in CNG Segment by 31%. The company has also tied-up additional RLNG volumes on term basis at competitive prices, with one of the major suppliers (around 1.0 MMSCMD). IGL said, 'The above revision and signing of additional volumes shall have a positive impact on profitability of the company.' GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons, and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participated in interest in India and overseas in oil and gas blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as of 30 September 2024. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. The company's consolidated net profit declined 17.69% to Rs 454.88 crore in Q2 FY25 as compared with Rs 552.67 crore in Q2 FY24. However, revenue from operations (excl. excise duty) rose 6.91% YoY to Rs 3,697.6 crore in Q2 FY25. Powered by Capital Market - Live

The key equity benchmarks continued to trade with minor losses in the mid-afternoon trade. The Nifty slipped below the 24,550 mark after hitting the day's high of 24,677.80 in morning trade. Media shares extended losses for the third consecutive trading session. At 14:26 IST, the barometer index, the S&P BSE Sensex, was down 280.64 points or 0.34% to 81,227.82. The Nifty 50 index lost 89.45 points or 0.36% to 24,529.55. In the broader market, the S&P BSE Mid-Cap index fell 0.01% and the S&P BSE Small-Cap index rose 0.04%. The market breadth was negative. On the BSE, 1,844 shares rose and 2,081 shares fell. A total of 134 shares were unchanged. Buzzing Index: The Nifty Media index fell 0.69% to 2,021.15. The index slipped 3.01% in three consecutive trading sessions. Tips Music (down 3.13%), Nazara Technologies (down 2.32%), Zee Entertainment Enterprises (down 1.45%), Hathway Cable & Datacom (down 1.15%), Saregama India (down 0.86%), Network 18 Media & Investments (down 0.77%), Sun TV Network (down 0.64%) declined. On the other hand, Dish TV India (up 2.22%), Den Networks (up 0.42%) and PVR Inox (up 0.33%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 1.47% to 6.816 as compared with the previous close of 6.826. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.8550, compared with its close of 84.8600 during the previous trading session. MCX Gold futures for the 5 December 2024 settlement rose 0.04% to Rs 76,514. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 106.26. The United States 10-year bond yield rose 0.33% to 4.214. In the commodities market, Brent crude for the November 2024 settlement lost 18 cents or 0.25% to $71.96 a barrel. Stocks in Spotlight: Indraprastha Gas (IGL) rose 0.64%. The company informed that its board approved the issuance of 1 bonus equity share for every 1 existing equity share held (1:1) to the eligible shareholders. Pennar Industries advanced 1.42% after the company's board will meet on 12 December 2024 to consider entering into a joint venture to expand the business. Bajaj Finserv added 1.14% after its subsidiary, Bajaj Allianz General Insurance Company, recorded a gross direct premium underwritten for November 2024 of Rs 1,364.67 crore, an increase of 11.95% year on year (YoY).Powered by Capital Market - Live