India's Indraprastha Gas rises as Q1 results beat brokerage estimates

Indraprastha Gas

31/07/2025 05:15

** Shares Indraprastha Gas IGAS.NS of rise 2% to 207 rupees

** City gas distributor posts an 11% Y/Y decline in June-qtr consol net profit; rev from ops rises 11.3% Y/Y

** J.P. Morgan says co reported better-than-expected Q1, with profit 9% above estimates and EBITDA 6% higher, supported by lower gas costs and improved realizations

** Maintains 'underweight' rating; raises TP to 165 rupees from 144 rupees

** Morgan Stanley said volumes met expectations and operational performance remained stable

** Says co may need to raise prices by another 3–4% to maintain mid-cycle profitability

** IGAS rated "buy" by 30 analysts on average; median target price is 220 rupees – data compiled by LSEG

** Stock down 0.4% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))