Indraprastha Gas rose 2.19% to Rs 305 at 10:01 IST on BSE after the company reported 19.33% rise in net profit to Rs 197.99 crore on 28.82% rise in total income to Rs 1548.74 crore in Q3 December 2018 over Q3 December 2017.
The result was announced after market hours yesterday, 6 February 2019.On the BSE, 72,000 shares were traded in the counter so far, compared with average daily volumes of 1.11 lakh shares in the past two weeks. The stock had hit a high of Rs 307.35 and a low of Rs 293.40 so far during the day.
Indraprastha Gas said that CNG sales volume has increased by 13% and PNG sales volumes increased by 10% in Q3 December 2018 over Q3 December 2017. Product wise, CNG recorded sales of Rs 1248 crore, registering a growth of 26% and PNG recorded sales of Rs 413 crore registering a growth of 35% over previous year.
Indraprastha Gas retails CNG to automobiles and piped cooking gas to households in Delhi and adjoining cities of Ghaziabad, Noida and Greater Noida.
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