INDRAPRASTHA GAS LIMITED DECLARES Q3 RESULTS

Sarkaritel
By Sarkaritel February 7, 2018 21:12


February 7, 2018, New Delhi: Indraprastha Gas Limited (IGL) the sole supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida, Ghaziabad & Rewari today announced its financial results for the third quarter of FY’18.

As per the unaudited Q3 results announced by the company for the quarter ending December 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 4.60 mmscmd to 5.26 mmscmd. Product wise, CNG recorded sales volume growth of 11%, while PNG recorded sales volume growth of 21% in the quarter as compared to last year.

The total gross sales value during the quarter has increased by 25% to Rs 1308 crore as compared to Rs 1043 crore during the third quarter of FY’17. The net profit for the quarter ending December 2017 including other comprehensive income for the quarter, has increased by 14% to Rs 165.65 crore in FY’18 as compared to Rs. 144.71 in corresponding period in the last fiscal. These are standalone results for IGL only and do not include profits accruing from associate companies.

Sarkaritel
By Sarkaritel February 7, 2018 21:12

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