Indraprastha Gas Limited (IGL) on Thursday reported a 41 per cent rise in its standalone net profit in the third quarter (October-December) of Financial Year 2023-24 (Q3 FY24) to Rs 392.07 crore, up from Rs 278.26 crore in the corresponding quarter of the previous year.
On a sequential basis, however, the compressed natural gas (CNG) distribution company’s net profit fell 26.6 per cent from Rs 534.8 crore registered in Q2 FY24.
The revenue from operations for Q3 FY24 came in at Rs 3,926.2 crore, compared to Rs 4,089 crore year-on-year (Y-o-Y), registering a fall of 4 per cent. On a quarter-on-quarter (Q-o-Q) basis, the revenue was up a marginal 2.7 per cent.
