Shares of Indraprastha Gas Limited (IGL) surged over 3% in intraday trading on Tuesday, April 22, after the company announced that its board of directors will meet on April 27, 2025, to consider key financial matters, including the approval of Q4 and full-year FY25 results and the recommendation of a final dividend.
In an exchange filing, the company said,
“This is to inform that meeting of the Board of Directors is scheduled to be held on April 27, 2025, inter-alia to consider and approve standalone and consolidated Audited Financial Results for the quarter/year ended March 31, 2025 and also to consider recommendation of final dividend for the Financial Year 2024-25”
Market Reaction
The announcement spurred investor sentiment, and the stock hit an intraday high of ₹189.75 on the BSE—3.75% higher. Even after this rise, the stock is still over 33% lower than its 52-week high of ₹285.30. But it has bounced back 24% from its 52-week low at ₹153.25. IGL shares are down 14% over the past year and 22% over the past two years. For a 10-year horizon, the stock has generated a phenomenal 323% return on BSE data.
Q4 FY25 Preview
Prior to the board meeting, Kotak Institutional Equities (KIE) reported its estimates for IGL’s performance during Q4. The brokerage expects a 14.6% year-on-year decline in profit after tax (PAT) to ₹430.6 crore, though it sees an 8.4% improvement quarter-on-quarter. Net sales are estimated to rise 8.4% YoY and 3.7% QoQ to ₹3,898.5 crore.
“We expect IGL’s EBITDA to recover 12% QoQ (down 22% YoY). Partial reversal of APM de-allocation from mid-January and higher availability of APM on lower offtake in fertilisers will give relief. However, the impact will be partly offset by higher LNG prices and a weaker rupee. IGL took only modest ₹1-2/kg price increases in NCR areas (none in the key Delhi NCT),” KIE said.
Dividend Track Record
IGL is still considered a good dividend-paying company. It has given a dividend yield of 5.62% in the past 12 months, finds Trendlyne. The company has announced 25 dividends since September 2004. IGL has recently announced an equity dividend of ₹10.50 per share in total during the past year. The latest one was ₹5.50 a share, and the record date was fixed as November 12, 2024.
Outlook
The board’s meeting on April 27 could be a turning point for the company, with investors looking for hints about how earnings would perform and what the dividend decision would be, analysts said. That result will provide greater clarity on IGL’s balance sheet, pricing power and ability to navigate macroeconomic headwinds — potentially influencing its stock price direction in the coming months.
