IGL reports 29% YoY surge in consolidated Q4 profit at Rs 375 crore

Indraprastha Gas (IGL) has reported a Rs-375.10 crore consolidated profit for the fourth quarter of financial year 2020-21. This is 29 per cent higher than the Rs 290.76 crore consolidated profit reported by the company in the same period of financial year 2019-20

In a statement to the BSE, IGL said that the Company Board recommended a 180 per cent dividend. This translates to a dividend of Rs 3.6 per share (face value of Rs 2 each) for the financial year 2020-21. This is subject to approval of shareholders in the ensuing Annual General Meeting.

Consolidated total income during the period under review fell marginally to Rs 1,738.30 crores, down from Rs 1,742.46 crores in the fourth quarter of the previous financial year.