IGL margins will be less due to higher spot gas prices, but we hope to be profitable this FY: MD

“The price of spot gas is a global phenomenon. The prices are going up because of geopolitical issues and are likely to pose a challenge to us for the next 1-2 quarters. We will sail through these two-three quarters. Our margins will not be as high as they were this quarter but we still hope to be profitable at the end of this financial year.”