November 20, 2017   
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November 10, 2017, New Delhi: Indraprastha Gas Limited (IGL), the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida and Ghaziabad today announced its financial results for the second quarter of FY’18.

As per the unaudited Q2 results announced by the company for the quarter ending September 2017, IGL registered an overall sales volume growth of 14% over the corresponding quarter in the last fiscal, with the average daily sale going up from 4.58 mmscmd to 5.21 mmscmd. Product wise, CNG recorded sales volume growth of 9%, while PNG recorded sales volume growth of 18% in the quarteras compared to last year.

The total gross sales value during the quarter has increased by 16% to Rs 1241 crore as compared to Rs 1067 crore during the second quarter of FY’17. The net profit for the quarter ending September 2017 including other comprehensive income for the quarter, has increased by 17% to Rs 168.61 crore in FY’18 as compared to Rs. 144.27 in corresponding period in the last fiscal. These are standalone results for IGL only and do not include profits accruing from associate companies.