Thursday, Apr 25 2024 | Time 12:00 Hrs(IST)
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Business Economy


IGL net profit up 44 pc in Q1

New Delhi, Aug 22 (UNI) CNG and PNG supplying firm Indraprastha Gas Limited (IGL) today reported a rise of 44 per cent in its net profit at Rs 147.72 crore in the first quarter of 2016-17 as compared to Rs 102.32 crore over the corresponding quarter last year.

The company 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 3.83 mmscmd to 4.34 mmscmd.

Product wise, CNG recorded sales volume growth of 10 per cent, while PNG recorded sales volume growth of 17 per cent in the quarter as compared to last year.

The total gross sales value during the quarter has moved to Rs 995 crore as compared to Rs 992 crore during the first quarter of FY’16.

The increase in sales turnover during the quarter has been lower due to reduction in selling prices of both CNG and PNG during the year in view of lower gas cost.

UNI ASH RSA AE 1657
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