IGL’s standalone net profit fell 93.4% year-on-year to Rs 24.4 crore in the quarter ended September, as higher input gas costs linked to global supply disruptions caused by uncertainty in West Asia sharply reduced margins despite stronger sales volumes.
The company had reported a standalone net profit of Rs 372.5 crore in the corresponding quarter of FY26. The latest result represents a decline of Rs 348.1 crore from that period, according to figures reported by the Times of India.
IGL’s average daily sales increased by 8%, rising from 9.3 million standard cubic metres per day to 10.1 mmscmd during the quarter. The increase indicates that demand for the company’s gas products continued to grow even as the cost of input gas put pressure on profitability.
Gross sales turnover rose 26% to Rs 5,999.1 crore from Rs 4,431.6 crore in the corresponding period of FY26. The rise in turnover, alongside higher sales volumes, shows that the company’s revenue growth did not translate into a similar improvement in earnings during the quarter.
The company attributed the deterioration in profit to a substantial increase in input gas costs amid global supply disruptions caused by uncertainties in West Asia. The report did not provide a detailed breakdown of the cost increase or specify how much of the additional cost was passed through to customers.
The figures highlight the exposure of urban gas distribution businesses to international supply conditions. For consumers and businesses dependent on regular gas availability, the company’s volume growth points to continuing demand, while the profit decline shows how quickly external supply disruptions can affect the economics of supplying that demand.
IGL’s result also presents a contrast between operational growth and financial performance. Daily sales increased by 0.8 mmscmd over the year-ago period, and gross sales turnover rose by Rs 1,567.5 crore. However, the company’s standalone profit fell to Rs 24.4 crore, indicating that the increase in input costs outweighed the benefit of higher volumes and turnover during the quarter.
The company has not, in the supplied report, announced a specific corrective measure, revised pricing plan or timeline for a recovery in margins. The next reported results and any further company disclosure will indicate how input gas costs and supply conditions affect its performance in subsequent quarters.
