Indraprastha Gas Limited (IGL) announced the outcome of its Board Meeting held on 27 April 2025.
- The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31 March 2025.
- The Board recommended a final dividend of 75%, which is ₹1.50 per share (face value of ₹2 each) for the financial year 2024-25. This is subject to approval by shareholders at the ensuing Annual General Meeting. The previous year's dividend was ₹5.00 per share on the then face value of ₹2 each.
- For the year ended 31 March 2025:
- Standalone Results:
- Revenue from operations was ₹16,466.45 crore compared to ₹15,456.53 crore in the previous year.
- Profit before tax was ₹1,936.90 crore compared to ₹2,307.16 crore in the previous year.
- Profit for the period was ₹1,467.59 crore compared to ₹1,748.08 crore in the previous year.
- Earnings per share (Basic and Diluted) was ₹10.48 compared to ₹12.49 in the previous year (EPS figures for previous periods have been restated due to the 1:1 bonus issue in January 2025).
- Consolidated Results:
- Revenue from operations was ₹16,466.73 crore compared to ₹15,456.53 crore in the previous year.
- Profit before tax was ₹2,182.53 crore compared to ₹2,542.50 crore in the previous year.
- Profit for the period was ₹1,713.01 crore compared to ₹1,983.40 crore in the previous year.
- The company noted the conclusion of negotiations with OMCs for renewing commercial terms, resulting in the reversal of a ₹114.08 crore provision for arrears related to the period 01.04.2019 to 30.11.2021.
- The company also mentioned a pending matter in the Delhi High Court regarding a demand from DDA for increased license fees amounting to ₹330.73 crore (excluding interest) for the period up to 31 March 2016, for which no provision has been made as the company deems the demand not tenable.
- The Board meeting commenced at 3:30 PM and concluded at 5:30 PM on 27 April 2025.