EBITDA turned negative at Rs 31.11 crore in Q2 FY27, compared with positive EBITDA of Rs 442.83 crore a year earlier. EBITDA margin stood at -1%, against 11% in Q2 FY26.

The company recorded total sales of Rs 5,101.74 crore, up 27% from Rs 4,009.07 crore. CNG sales revenue increased 17% year on year to Rs 3,521.84 crore, while PNG sales revenue rose 56% to Rs 1,578.20 crore. LNG sales revenue increased 59% to Rs 1.70 crore.

Total sales volume increased 8% year on year to 925.59 million standard cubic metres (million scm). CNG volumes grew 9% to 696.63 million scm, while total PNG volumes increased 6% to 228.66 million scm. Domestic PNG volumes rose 16% to 73.31 million scm, while industrial and commercial PNG volumes increased 2% to 109.35 million scm.

Other operating income stood at Rs 14.49 crore, compared with Rs 14.26 crore a year earlier.

On a consolidated basis, adjusted net profit slumped 93.30% YoY to Rs 25.89 crore while net sales jumped 27.21% to Rs 5117.99 crore in Q2 FY27. Profit before tax dropped 98.15% YoY to Rs 9.03 crore during the quarter.

Consolidated net cash generated from operating activities stood at Rs 799.47 crore in the first half of FY27, lower than Rs 1,104.32 crore in the corresponding period last year.

Indraprastha Gas (IGL) is a natural gas distribution company that supplies natural gas as cooking and vehicular fuel, primarily in Delhi NCR.