Indraprastha Gas Ltd posts 30 per cent jump in net profit to Rs 400 crore

Net profit of Rs 400.54 crore in July-September 2021-22 is compared with Rs 307.94 crore net earning in the same period a year back, the company said in a statement.

Published: 10th November 2021 04:24 AM  |   Last Updated: 10th November 2021 10:26 AM   |  A+A A-

Indraprastha Gas; CNG

Representational Image. (File Photo)

By Express News Service

NEW DELHI:  Indraprastha Gas Ltd, the firm that retails CNG in the national capital and adjoining cities, on Tuesday reported a 30% jump in its second quarter net profit on the back of higher sales volumes. 

Net profit of Rs 400.54 crore in July-September 2021-22 is compared with Rs 307.94 crore net earning in the same period a year back, the company said in a statement. Turnover soared 40% to Rs 2,005.07 crore in the second quarter of the current fiscal year (2021-22). 

IGL said it registered an average daily sale of 7.24 million standard cubic meters in the quarter as compared to 5.50 million standard cubic meters per day sales in the year-ago period, showing a growth of 32%. 

While the CNG segment registered a sales volume growth of 36%, piped natural gas supplies to household kitchens and industries grew 22% during the quarter.

Now we are on Telegram too. Follow us for updates
India Matters

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.