Indraprastha Gas second quarter net profit up 11 per cent on higher volume


Indraprastha Gas second quarter net profit up 11 per cent on higher volume

City gas distribution company Indraprastha Gas Ltd (IGL) today posted a 11 per cent jump in net profit for the quarter ended September 2018 on higher volumes and other income during the period.

The company posted a net profit of Rs 187 crore during the quarter as against Rs 168 crore recorded in the corresponding quarter last financial year 2017-18.

“During Q2 of FY19, CNG sales volume has increased by 13 per cent and PNG sales volumes increased by 14 per cent over Q2 of FY18. On an overall basis, there is 13 per cent increase in sales volume during this quarter over corresponding quarter of FY18,” the company said in a statement.

Total income of the company also rose 27 per cent to Rs 1,601 crore during the September quarter from Rs 1,256 crore recorded in the same period in the last fiscal year. Read More

Leave a Reply

Your email address will not be published.