Thursday, Mar 28 2024 | Time 19:38 Hrs(IST)
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Business Economy


IGL announces overall sales volume growth of 13 per cent Q2

New Delhi, Nov 5 (UNI) 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 on Monday announced it has registered an overall sales volume growth of 13 per cent for the second quarter of FY’19 over the corresponding quarter in the last fiscal.
As per the unaudited Q2 results announced by the company for the quarter ending September 2018, IGL registered an overall sales volume growth of 13 per cent over the corresponding quarter in the last fiscal, with the average daily sale going up from 5.21 mmscmd to 5.89 mmscmd.
CNG recorded sales volume growth of 13 per cent, while PNG recorded sales volume growth of 14 per cent in the quarter as compared to corresponding quarter last year. This has primarily been driven by 24 per cent increase in Industrial & Commercial PNG volumes driven by industry embracing clean fuels.
Accordingly, the total gross sales value during the quarter has moved to Rs 1564 crore as compared to Rs 1241 crore during the second quarter of FY’19, thereby showing a growth of 28 per cent.
The net profit for the quarter ending September 2018 has increased by 11 per cent to Rs 187.23 crore from Rs 168.61 crore in the corresponding quarter in the last fiscal.
These are standalone results for IGL only and do not include profits accruing from associate companies, according to an official statement here.
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