IGL Q2 profit drops 93% as gas costs squeeze margins
In short
IGL said its Q2 net profit fell to ₹24.38 crore in 2026-27, from ₹372.51 crore a year earlier. Sales volumes rose 8%, and gross turnover increased 26%.
This matters because higher gas costs appear to have squeezed margins even with stronger sales. The reporting does not say whether the pressure will continue next quarter.
What the reporting says
IGL reported second-quarter net profit of ₹24.38 crore for 2026-27, down from ₹372.51 crore a year earlier, according to a publisher summary. The decline came despite an 8% rise in sales volumes and a 26% jump in gross turnover, suggesting higher gas costs hurt margins. The reporting does not provide the company’s full explanation or any outlook beyond the numbers.
Why it matters
IGL reported second-quarter net profit of ₹24.38 crore for 2026-27, sharply lower than ₹372.51 crore a year earlier. The publisher summary says sales volumes rose 8% and gross turnover jumped 26%, which suggests the profit drop was driven by cost pressure rather than weaker demand. The immediate question is whether gas-cost inflation will keep weighing on margins.