Indraprastha Gas Lt net profit drops 8.4% in September quarter
Indraprastha Gas Ltd on Wednesday reported an 8.4 per cent drop in September quarter net profit as sales volumes got impacted amid graded relaxation in lockdown restrictions.
Consolidated net profit of Rs 380.45 crore in July-September compared with Rs 415.82 crore net profit in the same period a year back, the company said in a filing to stock exchanges.
With public transport and schools yet to resume, CNG sales fell 20 per cent to 255 million kgs in the second quarter while piped natural gas supplies were 4 per cent lower at 146 million cubic metres.
Total sale volume stood at 506 million standard cubic metres, down 16 per cent over the previous year.
