IGL Q2 profit jumps 30% to Rs 400 crore on higher sales volumes
Indraprastha Gas Ltd, the firm that retails CNG in the national capital and adjoining cities, on Tuesday reported 30 per cent 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 per cent 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 per cent.
