NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Indraprastha Gas Ltd.'s reported a mixed Q3 FY24 performance, with Rs 5.6 billion Ebitda surpassing last year's figures by 31.7% YoY but falling short of our estimates.
The Rs 3.9 billion profit after tax demonstrated robust 41% YoY growth but experienced a notable 26.7% QoQ decline. Despite meeting volume expectations, higher gas costs impacted Ebitda margins, signalling challenges.
With the stock trading at 16.2 times/15 times FY25e/26e PER, we maintain a 'Buy' rating with a target price of Rs 540/share, recognising Indraprastha Gas' strong margins and sound financials.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Shell Says Weak Oil And Gas Trade Hit Second Quarter Profit
Jul 07, 2025
Consumer Discretionary Q4 Results Review: Growth Hinged On Value, Seasonality Amid Slowdown, Says Systematix
Jun 03, 2025
Grasim Q4 Results Review: Core Business Weak; Paints’ Revenue Promising; Motilal Oswal Maintains 'Buy'
May 26, 2025
IT Services Q4 Results Review: A Weak Closing Of The Year, Says ICICI Securities — Here's Why
May 15, 2025
POPULAR