Categories: Business

igl: IGL’s underperformance might not reverse for now on pricing woes

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The stress on working margin of IGL is prone to stay elevated except the federal government places a cap on home costs within the wake of surging international costs resulting from geopolitical tensions.

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Synopsis

Within the September quarter, the common value of gasoline for IGL rose to Rs 35.1 per scm, up Rs 5.1 per scm over the earlier quarter, whereas common realisation elevated by Rs 3.3 per scm. This resulted in a pointy compression in margin. The stress on working margin of IGL is prone to stay elevated except the federal government places a cap on home costs within the wake of surging international costs resulting from geopolitical tensions.

ETIG: The underperformance of Indraprastha Gasoline Ltd’s shares is unlikely to reverse within the close to time period, as dwindling pricing energy weighs on the corporate’s working margin. The share is down by about 20% for the reason that starting of 2022. The rising headwinds for earnings are fairly seen from IGL’s efficiency within the second quarter of FY22.

The provider of compressed and piped pure gasoline within the Delhi area had quantity progress of 12% year-on-year to

ET Bureau

2 minutes learn, Final Up to date:

Oct 27, 2022, 05:57 AM IST

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