Interim report
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ND/IGL/CS/UFRQ2/2026-2027 Listing Compliance BSE Ltd. 1st Floor, P.J. Towers Dalal Street Mumbai - 400 001 Security Code: 532514 " £' . . . ~.l& -~ ,. l " INDRAPRASTHA GAS LIMITED (A Joint Venture of GAIL, BPCL & Govt. of NCT Delhi) October 30, 2026 Listing Department National Stock Exchange of India Ltd. Exchange Plaza, Sandra Kurla Complex Sandra (E) Mumbai - 400 051 Trading Symbol : IGL Sub : (i) Submission of Unaudited Financial Results alongwith Limited Review Report for the Quarter and half year ended September 30, 2026 (ii) Performance Indicators Dear Sir/ Madam, (i) Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Unaudited Financial Results, both standalone and consolidated, for the Quarter and half year ended September 30, 2026, as approved by the Board of Directors in their meeting held today i.e. October 30, 2026. 'Limited Review Reports' for the Quarter and half year ended September 30, 2026 is also enclosed. (ii) We are also enclosing herewith performance indicators to be shared with analysts/ institutional investors in respect of said Unaudited Financial Results. The meeting of Board of Directors commenced on 03:40 P.M. and concluded at 06:30 P.M. This is for your information and record. Thanking you, Yours sincerely, for lndraprastha Gas Limited, £fYY (Vivek Sahay) Company Secretary & Compliance Officer IGL Bhawan, Plot No. 4, Community Centre, Sector-9, R.K. Puram, New Delhi-110 022 Tel.: 46074607 Fax: 26171863 Website: www.iglonline.net CIN: L23201DL 1998PLC097614 An ISO 9001 :2015, ISO 14001:2015, ISO 45001 :2018 AND ISO 50001:2018 Certified Organisation
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PART I INDRAPRASTHA GAS LIMITED IGL Bhawan, Plot No. 4 Community Centre, R. K.Pu ram, Sector -9, New Del hi - 110022 Phone No. 011-46074607, Fax No. 011-26171863, E -mail IO-investors @ig l.co.in \V'ebsite: www.ig lonlin e.ner CJN no. L23201DL1998PLC097 614 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2026 T hree months Precedi ng three Correspond ing three Year to date figures Year to date figures S. no. Particulars ended months months for current period for current period 30 Sept em her 2026 ended end ed ended ended 30 June 2026 30 Sep tember 2025 30 Septem ber 2026 30 Sept em her 2025 (Refer notes below) (Unaud ited) (Unau dit ed) (Unaud ited) <Unaudited) (Unaudited) 1 Revenue from operations 5,613.62 5,040.15 4,445.89 10,653.77 8,772.49 2 Other income 185.89 103.14 162.57 289.03 252.64 3 Total income (1+2) 5,799.51 5,143.29 4,608.46 10,942.80 9,025.13 4 Expenses: (a) Purchases of stock-in-trade of 4,646.01 3,810.86 3,141.49 8,456.87 6,069.42 natural gas (b) Changes in inventocics of stock-in (0.61) (3.06) (0.44) (3.67) (0.02) trade of natural lf<IS (c) Excise duty 497.39 456.71 422.56 954.10 835.31 (d) Employee benefits expense 46.44 58.13 52.98 104.57 109.57 (e) Finance costs 2.34 2.37 2.15 4.71 4.39 (f) Depreciation and amortisation 142.85 136.35 127.89 279.20 251.67 (g) Other expenses 455.50 422.01 386.47 877.51 803.63 T otal expenses (4) 5,789.92 4,883.37 4,133.10 10,673.29 8,073.97 5 Profit before tax (3-4) 9.59 259.92 475.36 269.51 951.16 6 Tax expense (a) Income tax relating to previous - 6.47 6.47 year (b) Current tax (16.56) 51.33 86.21 34.77 198.07 (c) Deferred tax 1.77 15.94 16.64 17.71 24.64 Total tax expense (14.79) 73.74 102.85 58.95 222.71 7 Profit for the period (5-6) 24.38 186.18 372.51 210.56 728.45 8 Oth er comprehensive income (A) (t) Items that will not be 0.56 (1.27) (0.12) (0.71) (0.23) reclassified to profit or loss (ti) Income-tax relating to items (0.14) 0.32 0.03 0.18 0.06 that will not be reclassified to profit or loss, (B) (t) Items that will be reclassified to - profit or loss (ii) Income-tax relating to items - that will be reclassified to profit or loss Other comprehensive income 0.42 (0.95) (0.09) (0.53) (0.17) (net of tax) 9 Total comprehensive income for the 24.80 185.23 372.42 210.03 728.28 period (comprising profit and other comprehensive income) (7+8) 10 Paid up equity share capital 280.00 280.00 280.00 280.00 280.00 (face value oH2 per share) 11 Other equity 12 Earnings per sha re (face value off2 0.15* 1.33* 2.66* 1.48* 5.20' per sha re) Basic aod diluted (111 ~ (refer note 8) *not annualised t' in crores Year ended 31 March 2026 (Audited) 17,845.71 483.97 18,329.68 12,387.72 (2.09) 1,678.72 250.60 13.85 514.61 1,680.72 16,524.13 1,805.55 2.04 386.91 52.50 441.45 1,364.10 4.79 (1.21) - - 3.58 1,367.68 280.00 9,706.70 9.74*
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INDRAPRASTH A GAS LIMITED IGL Bhawan , Plot No. 4 Commun ity Centre, R.K.Puram, Secto r -9, New Delhi - 110022 Phone No. 011-46074607, Fax No. 011-26171863, E-mai l ID-investors@igl.co.in Website: www.iglon linc.net CIN no. L23201DL1998PLC097614 PART II STANDALONE STATEMENT OF ASSETS AND LlABILITIES S. no. Particulars A ASSETS 1 Non-curren t assets a) Property, plant and equipment b) Capital work-in-pro1,,,ress c) Intangible assets d) Right-of-use assets c) Financial assets (i) Investments in Subsidiary and Associates (ii) Loans (iii) Other financial assets f) r ncomc-tax assets (net) g) Other non-current assets Total non-current assets 2 Current assets a) Inventories b) Financial assets (i) Investments (ii) Loans (iii) Tr,de receivables (iii) Cash and cash equi,·alents (i,·) Bank balances other than (iii) aboYe (v) Other financial assets c) Other current assets Total current assets Total assets B EQUITY AND LIABILITIES 1 Equity a) Equity share capital b) Other equity Total equity 2 Liabilities Non-cu rrent liabilities a) Financial liabilities (i) Lease liabilities (ii) Trade p•yables - Total outstanding dues of micro enterprises and small enterprises; and - Total outstanding dues of creditors other than micro enterprises ~nd small enterprises (iii) Other financial liabilities (other than those specified in item (b)} b) Prm-isions c) Deferred tax liabilities (net) d) Other non-current liabilities Tota l non-current liabilitie s 3 Current liabilities a) Financial liabilities (i) Lease Liabilities (ii) Trade payables - Total outstanding dues of micro enterprises and small enterprises; and - Total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other fimncial liabilities !other than those specified in item (c)] b) Other current liabilities c) Pro,·isions d) Current tax liabilities (net) Tota l current liabilities Total liabilities Tota l equity and liabilities See accompanying notes to the financial results As at 30th September 2026 (Unaudit ed) 8,084.97 1,589.19 2.80 237.37 292.58 19.88 79.36 15.81 10,321.96 61.08 1,303.90 34.46 1,225.34 163.22 3,057.06 262.91 67.62 6,175.59 16,497.55 280.00 9,706.73 9,986.73, 29.80 0.82 0.71 19.21 58.28 527.50 9.75 646.07 14.79 57.68 1,581.25 2,883.57 352.22 975.24 5,864.75 6,510.82 16,497.55 ? in crores As at 31st March 2026 (Audited) 7,791.28 1,480.51 3.70 209.66 292.58 19.57 20.20 32.72 9,850.22 56.38 1,383.57 28.Q4 921.38 168.82 2,756.76 212.83 54.65 5,582.43 15,432.65 280.00 9,706.70 9,986.70 38.96 0.91 0.71 19.97 57.24 509.97 9.75 637.51 15.99 145.84 925.71 2,685.12 132.16 903.62 4,808.44 5,445.95 15,432.65 . \ ' j
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INDRAPRASTHA GAS LIMITED Standalone cash flow statement for the six months ended 30th Sep 2026 Particufars A. Cash flow from operating activities: Profit before tax AtfJitJ!mmls for: Depreciation and amortisation expense Unrealised foreign eschange loss / (gain) ProYision for property, plant and equipment written off Re-measurement g:iin/Qoss) on defined benefit plans Prm;sion for doubtful debts Pro\·ision for obsolete and slow mo\·ing capital ,vork-in-progress ProYision for obsolete and slow mo\'ing stores and spares Liabilities/proYisions no longer reguired, written back Interest on Lease Liability Interest income on deposits \\•ith banks Interest income on Income Tax Refund Interest income on Loan to Subsidiary Interest income on Loan to Employees Collection on account of Late Payment Charges by Customers Income from investment in mutual funds (realized & unrealized) Dfridend income on inYestment in associates Operating profit before working capital changes Cha11grs i11 worki11g capital Adjustme nts for (increase)/decrease FinanciaJ assets Other current assets TnYentor:ies Trade receivables Adjus tments for increase/ (decrease) - O ther liabilities - Other financial liabilities Trade payables ProYisions Cash flow generated from operating acti,·ities (gross) Less: income-tax paid (net) Net cash flow generated from operating activitie s (A) B. Cash flow from investing activities: Payment for property, plant and equipment, other intangible assets and capital work-in-progress including capital adnnces and creditors for capital goods (Im·estment) in bank depos its with maturity more than three months Nfarurity of bank deposits \\;th maturity more than three months l\lo,·ement in restricted bank balance (Investment) in mutual funds Proceeds from sale of mutual funds Loan to subsidiary company Interest received on term deposits with banks and Loan to subsidiary & employees Collection on account of Late Paymenr Charges by Cu5tomcrs OiYidend received from associates Net cash flow (used in) investing activities (B) C. Cash flow from financing activities: Repayment of Interest on lease liabilities - Repayment of lease liabilities - Di,·idend paid including moYement in Unpaid DiYidend Net cash flow (used in) financin g activities (C) D . Net increase/ (decrease) in cash and cash egui,·alents (A+ B+C) E. Cash and cash eguivalents as at the beginning of the year F. Cash and cash equivalents as at the end of the year G. Cash and cash equivalents at the end of the year 1. Balances with banks in current accounts ii. Cash on hand iii. Balances with banks in fixed deposits \\.ith original maturity of less than three months For the six months ended 30th Sep 2026 (Unaudited) 269.51 279.20 (0.02) 6.60 (0.71) 6.20 (25 77) 2.06 (103.61) (1.67) (0.09) (11.57) (43.23) (48.50) 328.40 7.62 3.94 (4.70) (310.16) 220.06 (12.29) 593.08 72.66 898.61 (100.40) 798.21 (669.39) (456.00) 380.00 (224.32) (7,912.50) 8,035.40 (6.42) 47.38 11 .57 48.50 {745.78) (2.06) (55.95) (0.02) (58.03) (5.60) 168.82 163.22 76.87 5.20 81.15 163.22 ('{ in crores) For the six months ended 30th Sep 2025 (Unaudited) 951.16 251.67 (0.03) 9.57 (0.23) 3.20 (1.54) (2.34) 2.79 (96.02) (1.38) (0.84) (54.72) (67.00) 994.29 19.05 113.98 (6.04) (151.16) 193.11 (110.63) 195.95 52.36 1,300.90 (196.10) 1,104.80 (714.69) 0.00 444.00 (14.49) (6,765.95) 6,375.88 (7.65) 44.22 14.80 {623.89) (2.79) (24.24) (27.03) 453.88 136.06 589.94 58.84 5.57 525.53 589.94 / \~ ~
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NOTES : 1 2 3 4 5 6 For and on behalf of the Board of Directors Place: New Delhi Date: 30 October 2026 Previous period figures have been regrouped/reclassified to align with the current year classification, wherever required. The standalone financial results of Indraprastha Gas Limited ('IGL' or the 'Company') for the quarter and six months ended 30 September 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 30 October 2026. The statutory auditors of the Company have carried out a limited review of the aforesaid results and have expressed an unmodified review conclusion. The above results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind-AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), specified under section 133 of the Companies Act, 2013. Delhi Development Authority (DDA) has raised a total demand (excluding interest) of ₹155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up compressed natural gas (CNG) stations in Delhi. The increase in license fees was related to the period 1st April 2007 to 31st March 2014. The Company has filed a writ petition on 11th October 2013 before the Hon'ble Delhi High Court against the demand raised by DDA as the revised license fees has been increased manifold and made applicable retrospectively from financial year 2007-08. Further, DDA vide communication dated 29th August 2016 has revised the total demand (excluding interest) to ₹330.73 crores for the period upto 31st March 2016. The matter was pending before the Hon'ble High Court of Delhi where the same was disposed on 11.03.2026, relegating parties to AMRCD mechanism. The representation in this regard is being finalised for filing before AMRCD seeking parity with oil marketing companies. IGL, based on the legal opinion taken, is of the view that such demand is not tenable and accordingly no provision has The Company's business falls within a single segment in terms of the Indian Accounting Standard 108, 'Operating Segments'. A subsidiary named IGL Genesis Technologies Limited has been incorporated on 15.06.2023. The Company holds 51% share in IGL Genesis Technologies Limited. The primary objective of subsidiary is manufacturing, supply, selling and distribution of gas & other meters and other allied goods & services. The certificate of incorporation has been received by the subsidiary on 13.07.2023. During the year, the Company has not made any invesment in shares in the subsidiary. The total amount of investment made by the company in the subsidiary as at March 31, 2026 amounts to ₹ 34.46 crores (previous year: ₹ 34.46 crores). During the year, the company has also advanced Secured Loan amounting to ₹ 6.42 crores (previous year: ₹ 12.75 crores) to the subsidiary with specified terms and repayment period . The total amount of loan advances by the company to the subsidiary as at September 30, 2026 amounts to ₹ 34.46 crores (previous year: ₹ 28.04 crores). The first & second installment of Interest on the above loan were due on 31st December 2025 and 30th June 2026, however, the same have not been paid by the subsidiary, and accordingly, as per the terms of contract the principal amount of loan has been classified as Current Asset as at 30th September 2026. The total amount of Interest Due on the above loan amounts to ₹ 3.58 crores (previous year: ₹ 2.08 crores).
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CA IND I A PSMG & ASSOCIATES CHARTERED ACCOUNTANTS Head Office Flat no.204, II Floor Competent House, F-14 Middle Circle, Connaught Place, Delhi- 110001 Email: info@psmg.co.in Independent Auditor's Review Report on Unaudited Quarterly and Half Yearly Standalone Financial Results for the period ended 30th September 2026 of Indraprastha Gas Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors Indraprastha Gas Limited Delhi 1. We have reviewed the accompanying statement of unaudited standalone financial results ("the Statement") of Indraprastha Gas Limited ("the Company") for the Period ended 30th September 2026, being submitted by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. The Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Listing Regulation. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410 'Review of Interim Financial Information perform ed by the Indep endent Auditor of the Entity ', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the
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Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying the analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matter 5. We draw attention to Note No. 3 of the financial statements regarding the increase in license fees demanded by DDA for the period up to March 2016 amounting to Rs. 330.73 crores (excluding interest). The Hon'ble High Court of Delhi has disposed off th~ case on 11.03.2026 relegating the parties to AMRCD Mechanism . The representation in this regard is being finalized for filing before AMRCD seeking parity with oil marketing companies. The Company is of the view that demand is not tenable and has reported the same as Contingent Liability. Our conclusion on the Statement is not modified in respect of the above matter. For PSMG & Associates Chartered Accountants F.R.N. - 00856 C =--~-' A-:,~ S -l ' • I :::---c;;;;;.J.-=~ v:-J /. I ,// CA Swati Singh -~;;,,, Partner M. No. 404531 UDIN: }_6L/ol1·5-:31-08('1)1<-~ I 8332. Place: New Delhi Dated: 30th October, 2026
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PART! INDRAPRASTHA GAS LIMITED IGL Bhawan, Plot No. 4 Community Centre, R.K.Puram, SeclOr -9, Ne,"· Delhi - 110022 Phone No. 011-46074607, Fax No. 011-26171863, E-mail I D-investors@igl.co.in \Vcbsitc: www. ig lonlfoc .net CIN no. l2320IDL1998 PLC097614 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTH S ENDED 30 SEPTEMBER 2026 Three momhs Preceding three Corresponding three Year to date figures Year to date figures S. no. Paniculars ended months months for curren t period for current perio d 30 Septembe r 2026 ended ended ende d ended 30 June 2026 30 Septembe r 2025 30 Septembe r 2026 30 Septembe r 2025 (Refer notes below) (Unaudited) (Una udited) (Unaudited) mnaudited\ n lnaudited\ 1 RcYcnuc from operations 5,615.38 5,043.-14 4,-145.96 I0,658.82 8,772.71 2 Other income 136.01 101.92 94.90 237.93 184.29 3 Tota l income (1+2) 5,751.39 5,145.36 4,540.86 10,896.75 8,957.00 4 E>..-penses: (a) Purchases of stoc k-in-trade of 4,647.42 3,810.92 3,142.84 8,458.34 6,070.77 narural gas (b) Changes in in\'cntorics of stock-in (1.61) (0.26) (1.79) (1.87) (1.37) trade of natural -'-'3.S (c) Excise duty 497.39 456.71 422.56 954.10 835.31 (d) Employee benefits expense 47.25 59.00 54.10 106.25 111.60 (e) Finance costs 3.57 3.49 2.55 7.06 5.20 (f) Depreciation and amortisation 143.95 137.44 128.48 281.39 252.85 U,tl Other expenses 456.62 423.17 387.14 879.79 804.68 Tot al C:'\1)enses (4) 5,794.59 4,890.47 4,135.88 10,685.06 8,079.04 5 P rofit before tax and share of profit (43.20) 254.89 404.98 211.69 877.96 of associ ates (3-4) 6 Share of profit of associates 52.23 56.83 82.65 109.06 157.42 7 Profit before tax (5+ 6) 9.03 311.72 487.63 320.75 1,035.38 8 T ax expe nse (a) Income tax relating to prc,;ous G.47 6.47 year (b) Current tax (16.56) 51.33 86.21 34.77 198.07 (c) Deferred tax 1.84 16.00 16.47 17.84 24.56 T o tal tax expens e (14.72) 73.80 102.68 59.08 222.63 9 Profit for th e period (7-8) 23.75 237.92 384.95 261.67 8U.75 10 Oth er comprehensive incom e (A) (~ Items diat will not be 0.56 (1.27) 0.02 (0.71) (0.09) rcdallsified to profit or loss (it) Income-tax relating to items (0.14) 0.32 (0.01) 0.18 0.02 that "ill not be reclassified to profit or loss (B) (i) Items that will be reclassified ro profit or loss (ii) Income-tax relating to items that will be reclassifo..-d to profit or loss Other comprehensive incom e 0.42 (0.95) 0.01 (0.53) (0.07) (n et of tax) 11 T ota l comprehensive inco me for the 24.17 236.97 384.96 261.14 8U.68 period (comp rising profi t and other comprehe n sive income) (9+10) Profit for the yea r Attributable to: 23.75 237.92 384.95 261.67 8U.75 Equity holders to the Parent 25.89 240.41 386.29 266.30 815.33 :--Jon-Conttolling Interests (2.14) (2.49) (1.34) (4.63) (2.58) Othe r Comprehens ive Income for 0.42 (0.95) 0.01 (0.53) (0.07) the year Attributable to: Equity holders to the Parent 0.42 (0.95) 0.01 (0.53) (0.07) Non-Controlling Interests Total Comprehens ive Income for 24.17 236.97 384.96 261.14 8U.68 the year Auributable to: Equity holde.rs to the Parent 26.31 239.46 386.30 265.77 815.26 Non -Controlling Interests (2.14) (2.49) (1.34) (4.63) (2.58) 12 Paid up eqmty share capital 280.00 280.00 280.00 280.00 280.00 (face ,·alue of t2 per share) 13 Other equit)' 14 Earnings per share (face value of f2 0.16* 1.72* 2.76* 1.9* 5.82* per share) Basic and diluted (ll1 ~ -~ ~ - +-not -;i,nnualised > I t: in crorcs Year ende d 31 March 2026 /Audited\ 17,846.31 373.66 18,219.97 12,392.35 (6.43) 1,678.72 254.46 15.44 517.70 1,683.57 16,535.81 1,684.16 301.01 1,985.17 2.04 386.92 5270 441.66 1,543.51 5.42 (1.37) 4.05 1,547.56 1,543.51 1,549.62 (6.11) 4.05 4.05 1,547.56 1,553.67 (6.11) 280.00 11,224.44 11.07
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INDRAPRAST HA GAS LIMITED I GL Bhawa n, Plot No. 4 Commu nity Centre, R.K.Puram, Secto r -91 New Delhi - 110022 P hone No. 011-46074607, Fax No. 011-26171863, E-mail ID-investors@ig l.co. in \Vcbs itc: www .ig lonline.net CIN no. L23201DL1998PLC097614 PART II STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES t' in crorcs S. no. Particulars As at Asat 30 Septem ber 2026 31 March 2026 (Unaudited) (Auclited) A ASSETS 1 Non-current assets a) Property, plant and equipment 8,113.56 7,820.61 b) Capital work-in-progress 1,627.56 1,517.96 c) Intangible assets 6.76 7.93 ca) Intangibl e assets under de\'elopmcnt 15.55 15.55 d) Right-of-use assets 251.64 224.85 c) Financial assets (i) Im·cstmc nts account ed for using the equity 1,851.76 1,791.20 (ii) Other financial assets 20.28 19.86 Q Income -tax assets (net) 79.36 20.21 fY Other non-current assets 21.65 38.61 Tota l n on -c urrent assets 11,988.12 11,456.78 2 Current assets a) I m·entorics 63.52 60.72 b) Financial assets (i) Inn:stmcnts 1,303.90 1,383.57 (ii) T rnde recei\'ablcs 1,224.96 920.12 (iii) Cash and cash e9ui,,1,lcnts 171.72 169.45 (i,·) Bank balances other than (iit) abo,·c 3,057.06 2,756.76 (,·) Other financial assets 259.97 210.49 c) Other current assets 83.63 70.47 Tot al c urren t asse ts 6,164.76 5,571.58 T otal ass ets 18,152.88 17,028.36 B EQUITY AND LIABILITIES 1 Equity a) Equity share capital 280.00 280.00 b) Other equity 11,280.21 11,224.44 c) Non-contro lling lntcrcs::s 15.95 20.58 Total equity 11,576.16 11,525.02 2 Liabilities Non-current liabili ties a) Financial liabilities (i) Borrowings 32.58 26.59 (i~ Lease liabilities 44.50 54.22 .(iii) Trade payables - Tota l outstanding dues of micro 0.82 0.91 enter prises and small enterprises; and - Total outsta nding dues o f creditors other than micro enrerpriscs and small 0.71 0.71 enterprises (i,·) Other financial liabilities (other than 19.21 19.97 those specified in item (b)) b) Provisions 58.43 57.35 c) Deferred tax 1.iabilities (net) 528.06 510.40 d) Other non-current liabilities 9.75 9.75 Total non-cur rent liabi1ities 694.06 679.90 3 Current liabi lities a) Financial liabilities (i) Lease liabilities 15.84 16.94 (ii) Trade payables - Total outstanding dues of micro enterp rises and smal1 ente rprises; and 57.68 145.84 - Total outstanding dues of creditors other than micro c11tcrprises and small enterprises 1,580.75 923.07 (iii) Other financial liabilities rothcr th.an those specified in item (c)] 2,900.59 2,701.37 b) Other cu rrent liabilities 352.56 132.60 c) Pro...-isions 975.24 903.62 Tota l curren t liabilities 5,882.66 4,823.44 Tota l liabilities 6,576.72 5,503.34 Total equ ity and liabil ities 18,152.88 17,028.36 See accompanyin g notes to the financial results. ~-:::::::::::ir==:: - ~ ~~/
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INDRAPRASTHA GAS LIMIT ED Consolidat e d cash flo w stat ement for the six m onth s ended 30 Sep temb er 2026 Particu lars A. Cash flow from ope rating activiti es: Profit before tax Adjmtmmt,far. Depreciation and amortisation expense Unrealised forei!,'" exchange loss / (gain) Pro\·ision for property, plant and equipment written off Re-measurement gain/Qoss) on defined benefit plans Pro,·ision for doubtful debts Pro,·ision for obsolete and slow moYing capital work-in-progress Provision for obsolete and slow moYing stores and spares Liabilities/provisions no longer required, written back Interest on Lease Liability lnrerest income on deposits with banks Interest income on Income Tax Refund Interest income on Loan to Employees Collection on account of Lale Payment Charges by Customers Income from investment in mutual funds (realized & unrealized) Share of profit of associates associates Operating profit before working capital changes Changes in U,'Orking capital Adjustments for (increase)/ decrease F:inancial assets Other current assets Inventories Trade receivables Adjustments for increase/ (decrease) Other liabilities Other financial liabilities Trade payables Prm·isions Cash flow generated from operating actiYities (gross) Less: income-tax paid (net) Net cash flow generated from operatin g activities (A) B. Cash flow from inves ting activities: Payment for property, plant and equipment, other intangible assets and capital \\'Ork-in-progress including capital ad\·ances and credito rs for capital goods (Im·estment) in bank deposits \vith maturity more than three months Maturity of bank depos its with maturity more than three months Mo\·ement in restricted bank balance (Investment) in mutual fonds Proceeds from sale of mutual funds I ntcrest received on term deposits with banks & Loan to subsidiary Collection on account of L·tte Payment Charges by Customers Dividend recci\·cd from associates Net cash flow (used in) investing activiti es (B) C. Cas h flow from financin g activities: Proceeds from Term Loans Repayment of Interest on lease liabilities Repayment of lease liabilities Oi\~idend paid including mo\·ement in Unpaid Dividend Net cas h flow (used in) financing activities (C) D. Net increase/ (decrease) in cash and cash equivalents (A+B+C) E. Cash and cash equirnlents as at the beginning of the year F. Cash and cas h equivalents as at the end of the yea r G. Cas h and cash eq uiva lents at the end of the year Balances w1th banks in current accounts ii. Cash on hand Balances with banks in fixed deposits with oriWnal maturity of less than three months Fo r the six mont hs en ded 30-Sep-26 (Unau d ited) 320.75 281.39 (0.02) 6.60 (0.71) 6.20 (25.77) 6.04 (103.64) (0.09) (11.57) (43.23) (109.06) 326.89 7.04 3.75 (2.81) (305.82) 219.95 (13 74) 591.89 72.70 899.85 (100.38) 799.47 (670.61) (456.00) 380.00 (224.32) (7,912.50) 8,035.40 45.74 11.57 48.50 (742.22) 7.50 (6.05) (56.41) (0.02) (54.98) 2.27 169.45 171.72 85.37 5.20 81.15 171.72 (fin crores) Fo r the six m onth s ended 30-Sep-25 (U naudited) 1,035.38 252.84 (0.03) 9.57 (0.23) 3.20 (1.54) (2.34) 3.59 (96.03) (1.38) (54.72) (157.42) 990.89 19.29 110.73 (7.38) (149.15) 193.22 (105.49) 195.95 52.36 1,300.42 (196.10) 1,104.32 (736.57) 444.00 (14.49) (6,765.95) 6,375.88 44.23 14.80 (638.11) 14.85 (3.60) (24.66) (13.41) 452.80 144.62 597.42 66.30 5.59 525.53 597.42 -- \1- -::<':i A ·\.~----...:5' ".)/ ,.-\ c'? t,ff}f-1 )::;. \) l,i\ oY,\ :~5 ~ ~, (':-1/ . ....__ I•/ ( \,·1 ., .S,.. -- ~.:.-
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NOTES : 1 2 3 4 5 For and on behalf of the Board of Directors Place: New Delhi Date: 30 October 2026 Previous period figures have been regrouped/reclassified to align with the current year classification, wherever required. The Consolidated financial results of Indraprastha Gas Limited ('IGL' or the 'Company') for the quarter and six months ended 30 September 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 30 October 2026. The statutory auditors of the Company have carried out a limited review of the aforesaid results and have expressed an unmodified review conclusion. The above results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind-AS') as notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended), specified under section 133 of the Companies Act, 2013. Delhi Development Authority (DDA) has raised a total demand (excluding interest) of ₹155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up compressed natural gas (CNG) stations in Delhi. The increase in license fees was related to the period 1st April 2007 to 31st March 2014. The Company has filed a writ petition on 11th October 2013 before the Hon'ble Delhi High Court against the demand raised by DDA as the revised license fees has been increased manifold and made applicable retrospectively from financial year 2007-08. Further, DDA vide communication dated 29th August 2016 has revised the total demand (excluding interest) to ₹330.73 crores for the period upto 31st March 2016. The matter was pending before the Hon'ble High Court of Delhi where the same was disposed on 11.03.2026, relegating parties to AMRCD mechanism. The representation in this regard is being finalised for filing before AMRCD seeking parity with oil marketing companies. The Company's business falls within a single segment in terms of the Indian Accounting Standard 108, 'Operating Segments'.
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CA- IND I A PSMG &ASSOCIATES CHARTERED ACCOUNTANTS Head Office Flat no.204, II Floor Competent House, F-14 Middle Circle, Connaught Place, Delhi- 110001 Email: info@psmg.co.in Independent Auditor's Review Report on Unaudited Quarterly and Half Yearly Consolidated Financial Results for the period ended 30th September 2026 of Indraprastha Gas Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To The Board of Directors Indraprastha Gas Limited Delhi 1. We have reviewed the accompanying statement of unaudited consolidated financial results ("the Statement") of lndraprastha Gas Limited ("the Holding Company") and its subsidiary (the Holding Company and its subsidiary together referred to as the "Group") and its share of net profit/loss after tax and total comprehensive income/(loss) of its associates for the quarter and half year ended 30th September 2026, being submitted by the Holding Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement which is the responsibility of the Holding Company' s Management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India and also considering the requirement of Standard on Auditing SA 600 on "Using the work of Another
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Auditor". This standard reqmres that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit op1mon 4. The statement includes the results of the following entities: a) Subsidiary - IGL Genesis Technologies Limited b) Associates - 1. Maharashtra Natural Gas Limited and 11. Central U.P. Gas Limited 5. Based on our review conducted and procedures performed in paragraph 3 as stated above, and based on the consideration of the review report of the other auditors referred in paragraph 7 and 8 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Listing Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matter 6. We draw attention to Note No. 3 of the financial statements regarding the increase in license fees demanded by DDA for the period up to March 2016 amounting to Rs. 330.73 crores (excluding interest). The Hon'ble High Court of Delhi has disposed off the case on 11.03.2026 relegating the parties to AMRCD Mechanism. The representation in this regard is being finalized for filing before AMRCD seeking parity with oil marketing companies. The Company is of the view that demand is not tenable and has reported the same as Contingent Liability. Our conclusion on the Statement is not modified in respect of the above matters. Other Matters 7. We did not review the unaudited financial results of the subsidiary included in the Statement, whose unaudited financial results reflects, total revenue of< 7.98 crores, total net loss after tax of < 9.45 crores and total comprehensive loss of< 9.45 crores for the half year ended 30th September 2026, as considered in the Statement. These financial results has not been reviewed by another auditor, and our conclusion on the Statement, in so far it related to the amounts and disclosures included in respect of this subsidiary company, is based solely on the interim financial information certified by the management of the Subsidiary Company.
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.. 8. The accompanying Statement includes the Group's a. Share of net profit after tax of Z 44.15 Crores and share of total comprehensive income of z 44.15 crores for the quarter ended 30th September 2026, of Maharashtra Natural Gas Limited as considered in the statement whose financial statements has not been reviewed byus. The unaudited financial results have been reviewed by another auditor, whose review report has been furnished to us by the Holding Company's management and our conclusion on the Statement, in so far, it related to the amounts and disclosures included in respect of this associate company, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above. b. Share of net profit after tax for the quarter ended of z 8.08 Crores and share of total comprehensive income of z 8.08 crores for the quarter ended 30th September 2026, of Central U.P. Gas Limited as considered in the statement whose financial statements has not been reviewed by us. This interim financial information of associate has not been reviewed by their auditors, and we have relied upon the interim financial information certified by the management of the Associate Company. Our conclusion on the Statement is not modified in respect of the above matters. For PSMG & Associates Chartered Accountants F.R.N. - 008567C }~ ----==-~t:=:=-:::::::-..... ,TE.s-~ )·) .-,s// ' / , Partner M. No. 404531 UDIN:26 Lio~ S 31. 'N R OV<9_b2.1 01- Place: New Delhi Dated: 30th October, 2026
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INDRAPRASTHA GAS LIMITED PERFORMANCE CURRENT QUARTER VS PREVIOUS QUARTER QUARTER ENDED Particulars UOM % Increase/ 30.09.2026 30.09.2025 (Decrease) SALES VOLUMES: CNG Million 5cm 696.63 640.80 9% LNG Million 5cm 0.30 0.20 50% PNG - Domestic Million 5cm 73.31 62.95 16% PNG - Industrial/Commercial Million 5cm 109.35 106.75 2% Natural Gas Million 5cm 46.00 46.00 0% PNG -TOTAL Million 5cm 228.66 215.70 6% TOTAL VOLUMES Million Scm 925.59 856.70 8% . TOTAL VOLUMES MMSCMD 10.06 9.31 8% NET REVENUE FROM OPERATIONS: Net Sales CNG (Net of Excise Duty) Rs. Crores 3521.84 2998.04 17% LNG Rs. Crores 1.70 1.07 59% PNG Rs. Crores 1578.20 1009.96 56% Total Sales Rs.Crores 5101.74 4009.07 27% Other Operating Income Rs. Crores 14.49 14.26 2% TOTAL NET REVENUE FROM OPERATIONS Rs.Crores 5116.23 4023.33 27% REVENUE FROM OPERATIONS (Gross) Rs. Crores 5613.62 4445.89 26% Less: Excise Duty Rs. Crores 497.39 422.56 18% REVENUE FROM OPERATIONS (Net) Rs. Crores 5116.23 4023.33 27% EBIDTA Rs. Crores -31.11 442.83 -107% % of EBIDTA to Net Reve nue from Operations %age -1% 11% NET PROFIT (after Tax) Rs. Crores 24.38 372.51 -93% Total Comprehensive Income (TCI) Rs. Crores 24.80 372.42 -93%
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INDRAPRASTHA GAS LIMITED PERFORMANCE FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2026 VS SEPTEMBER 30, 2025 Particulars UOM SALES VOLUMES: CNG Million Scm LNG Million Scm PNG - Domestic Million Scm PNG - Industrial/Commercial Million Scm Natural Gas Million Scm PNG -TOTAL Million Scm TOTAL VOLUMES Million Scm TOTAL VOLUMES MMSCMD NET REVENUE FROM OPERATIONS: Net Sales CNG (Net of Excise Duty) Rs. Crores LNG Rs. Crores PNG Rs. Crores Total Sales Rs. Crores Other Operating Income Rs.Crores TOTAL NET REVENUE FROM OPERATIONS Rs. Crores REVENUE FROM OPERATIONS (Gross) Rs. Crores Less: Excise Duty Rs. Crores REVENUE FROM OPERATIONS (Net) Rs.Crores EBIDTA Rs.Crores % of EBIDTA to Net Revenue from Operations %age NET PROFIT (after Tax) Rs. Crores Total Comprehensive Income (TCI) Rs. Crores SIX MONTHS ENDED 30.09.2026 1,353.45 0.61 145.24 213.77 91.50 450.51 1804.57 9.86 6,757.24 3.44 2,912.22 9,672.90 26.77 9,699.67 10653.77 954.10 9,699.67 264.39 3% 210.56 210.03 30.09 .2025 1,258.43 0.37 130.26 207.01 91.5 428.77 1687.57 9.22 5,894.71 2.01 2,016.89 7,913.61 23.57 7,937.18 8772.49 835.31 7,937.18 954.58 12% 728.45 728 .28 o/':~ (~(~ ~~~J• ... - % Increase/ (Decrease) 8% 65% 12% 3% 0% 5% 7% 7% 15% 71% 44% 22% 14% 22% 21% 14% 22% -72% -71% -71%
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INDRAPRASTHA GAS LIMITED CONSOLIDATED RESULTS A subsidiary named IGL Genesis Technologies Limited has been incorporated on 15.06.2023. The Company holds 51% share in IGL Genesis Technologies Limited. The primary objective of subsidiary is manufacturing, supply, selling and distribution of gas & other meters and other allied goods & services. The certificate of incorporation has been received by the subsidiary on 13.07.2023. During the year, the Company has not made any invesment in shares in the subsidiary. The total amount of investment made by the company in the subsidiary as at March 31, 2026 amounts to~ 34.46 crores (previous year: ~ 34.46 crores). During the year, the company has also advanced Secured Loan amounting to~ 6.42 crores (previous year:~ 12.75 crores) to the subsidiary with specified terms and repayment period . The total amount of loan advances by the company to the subsidiary as at September 30, 2026 amounts to~ 34.46 crores (previous year: ~ 28.04 crores). The first & second installment of Interest on the above loan were due on 31st December 2025 and 30th June 2026, however, the same have not been paid by the subsidiary, and accordingly, as per the terms of contract the principal amount of loan has been classified as Current Asset as at 30th September 2026. The total amount of Interest Due on the above loan amounts to~ 3.58 crores (previous year: ~ 2.08 crores). The Company's share in total comprehensive income of these two associate companies in the consolidated accounts for the quarter ended September 30, 2026 is~ 52.23 crores against last year figure of~ 82.65 crores. The consolidated total comprehensive income of the company comes to~ 24.17 crores in Q2 FY 26-27 against the consolidated profit of~ 384.96 crores in Q2 FY 25-26. The Company's share in total comprehensive income of these two associate companies in the consolidated accounts for the Six months ended September 30, 2026 is~ 109.06 crores against last year figure of~ 157.42 crores. The consolidated total comprehensive income of the company comes to~ 261.14 crores in six months ended September 30, 2026 as against the consolidated profit of~ 812.68 crores in six months ended September 30, 2025.