INDRAPRASTHAGAS / guidance tracker

Keep management guidance in view.

Indraprastha Gas · forward-looking guidance across the available source record.

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Guidance tracker

What management said would happen.

Volume exit rate of 10 MMSCMD in Q4 FY26

Management expects to exit Q4 FY26 at an average daily volume of 10 million SCM, with March 2026 averaging above 10 MMSCMD.

growth

Annual volume addition of 1 MMSCMD

IGL targets adding 1 million SCM per day each year for the next 2-3 years, driven by CNG (65-70%) and PNG (30-35%).

growth

EBITDA margin improvement to ₹7-8/SCM

Management expects EBITDA margin to reach ₹7-8 per SCM in the near term, aided by transmission tariff benefits (~75 paise/SCM), Gujarat VAT benefit (~25 paise/SCM), and reversal of one-time labor code provisions (~30 paise/SCM).

margins

Core capex of ₹1,200-1,500 crore for FY27

Core business capex (CNG/PNG) is expected to be ₹1,200-1,500 crore in FY27, with additional ₹500-800 crore for diversification (CBG, LNG, renewables).

capex