Indraprastha Gas Limited (IGL) Latset Updates

$IGL Full-Year FY26 Cumulative Performance For the entire financial year 2025-26, the city gas retailer's gross annual turnover expanded by 8% to hit ₹17,785.36 crore, up from ₹16,340 crores in the prior fiscal year. Annual operating EBITDA, however, contracted by 6% to settle at ₹1,850 crore due to the late-year inflation in sourcing prices. Consequently, full-year net profit tracked lower at ₹1,364.10 crore compared to ₹1,467.59 crore in FY25. Dividend Recommendation Following the approval of its annual audited accounts, the Board of Directors recommended a final dividend of 75% for the fiscal. When combined with previously paid amounts, the total dividend distribution for FY26 stands at 237.5%, translating into a total corporate payout of ₹4.75 per equity share of face value ₹2 each. Domestic PNG Expansion and Infrastructure Additions IGL significantly scaled its Piped Natural Gas (PNG) segment, expanding daily domestic connections from a baseline of 600–700 up to over 2,100 connections per day, driven by a strategic mandate to lower reliance on commercial LPG. Over the course of the fiscal year, the company added 3.7 lakh domestic DPNG connections, laid down 250 kilometers of steel pipelines, and expanded its retail footprint to a total of 1,024 active CNG stations. Massive Solar Capex Tender In a strategic diversification move to optimize utility overheads across its wide distribution network, IGL floated an open domestic e-tender for setting up a massive 200 MWDC (160 MWAC) utility-scale grid-connected solar power plant in Rajasthan. The project will incorporate a long-term comprehensive operation and maintenance framework to secure green energy offsets for its high-load compressor stations. Retail Volume Metrics and Vehicle Additions Despite margin pressures, operational sales volumes grew 6% year-on-year during Q4 to reach 9.69 million standard cubic metres per day (mmscmd). Total sales volumes for the full year averaged 9.39 mmscmd.