March 27, 2023

Indraprastha Gas Ltd, the firm that retails and piped cooking gas in the national capital, on Tuesday reported a 72 per cent rise in the June quarter net profit on the back of a rise in sales volume.

Net profit of Rs 420.86 crore in April-June compared with Rs 244.29 crore in the corresponding quarter of last fiscal, the company said in a statement.

“IGL registered an overall sales volume growth of 48 per cent over the corresponding quarter in the last fiscal, with the average daily sale going up from 5.32 million standard cubic meters to 7.89 mmscmd,” it said.

Product-wise, recorded sales volume growth of 63 per cent, while piped natural gas recorded sales volume growth of 17 per cent in the quarter.

Accordingly, the total gross sales value during the quarter has moved to Rs 3,519 crore compared to Rs 1,372 crore, showing a growth of 157 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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