Indraprastha Gas Q2 Net Up 17% At Rs 169 Cr On Higher Sales

Indraprastha Gas Q2 Net Up 17% At Rs 169 Cr On Higher Sales

State-run Indraprastha Gas Limited (IGL), supplying natural gas in the NCR, on Thursday posted a 17 per cent jump in net profit for the second quarter ending September at Rs 168.61 crore on the back of increased sales.

“The net profit for the quarter ending September 2017, including other comprehensive income for the quarter, has increased by 17 per cent to Rs 168.61 crore in FY’18,” IGL, which supplies compressed natural gas (CNG) and piped natural gas (PNG) in Delhi, Noida, Greater Noida and Ghaziabad, said in a release here.

The company had posted a net profit of Rs 144.27 crore in the corresponding period in the last fiscal.

IGL’s total gross sales value of the clean fuel during the quarter in consideration increased by 16 per cent to Rs 1,241 crore as compared to Rs 1,067 crore during the second quarter of 2016-17. Read More…

 

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