Research ReportsIndraprastha Gas Q4 Results Review: Systematix Maintains 'Buy' On Strong Margin Guidance
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Indraprastha Gas Q4 Results Review: Systematix Maintains 'Buy' On Strong Margin Guidance
With strategic investments in solar, CBG, LNG,
regulatory alignment, and adaptive pricing, IGL is well-positioned for sustainable long-term growth, profitability, says Systematix
Systematix forecast the shortfall in administered price mechanism would be replaced by the NWG. However, the Indraprastha Gas’s complete dependence on contractual volume provide the long term visibility. Only new EV policy and higher penetration of electric vehicle in buses and three-wheeler raises concern on nearly ~30% of volume. However, huge difference with petrol/diesel still enable company to go ahead with more price hikes.