Indraprastha Gas tanks 10%, hits 52-week low on disappointing Q2 results
Indraprastha Gas moved lower in a quarterly results development for Q2FY27.
· Business Standard Mkts
Indraprastha Gas reported a sharp 93.5 per cent year-on-year decline in standalone net profit to ₹24.38 crore for Q2FY27.
Key facts
- Period
- Q2FY27
The analysis
Indraprastha Gas reported ₹24.38 crore for Q2FY27, with movement of 10% and 93.5% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.0% on the day at ₹132.23, and has returned -8.3% over three months. It sits 38% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Indraprastha Gas is running 2.6 points behind its peers.
For Indraprastha Gas, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Indraprastha Gas (IGL), in Oil & Energy.
- Over three months: Indraprastha Gas -8.3% against Oil & Energy -5.7% (2.6 points behind).
- At least 25% below the 52-week high: Indraprastha Gas (38%).
- Trading well above normal today: Indraprastha Gas at 5.3 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Indraprastha GasIGL · Oil & Energy | ₹132.23 | -5.0% | -4.4% | -8.3% | -38.5% | 5.3× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Indraprastha Gas
Prices as of 2 Nov 2026, 13:24 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
IGL Q2 result: Net profit plunges 93.5% to ₹24 crore on higher gas costs
Reliance Industries Q2 Results 2026 Live: Jio Platforms, RIL to announce Q2 results shortly. Brokerages estimate strong growth
Gail's net profit zooms two-fold to ₹4,724 crore on robust volumes
Reliance soars 7% post Q2 results; sees sharpest intraday rally in 3 years
Reliance Industries shares set for biggest-single day jump since April 2020 as Q2 earnings spark Rs 1 lakh crore rally