IGL Q4 results: Net profit up 12% on higher gas sales
NEW DELHI: Indraprastha Gas Ltd, the largest CNG distribution company of the country, on Wednesday reported a 12 per cent rise in March quarter net profit on the back of higher gas sales.
Net profit of Rs 252.63 crore in January-March compared with Rs 224.72 crore in the same period a year back, the company said in a statement.
The firm, which retails CNG in Delhi and neighbouring cities of Noida, Greater Noida, Ghaziabad, Muzaffarnagar, Rewari, Gurugram and Karnal, saw overall sales volume rise to 567 million standard cubic metres in Q4 of 2019-20 from 564 mmscm a year back.
