{"id":300123,"date":"2019-11-08T11:36:01","date_gmt":"2019-11-08T06:06:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300123"},"modified":"2019-11-08T11:55:11","modified_gmt":"2019-11-08T06:25:11","slug":"igl-consolidated-net-profit-doubles-to-%e2%82%b9-415-82-crore-in-q2-on-tax-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/igl-consolidated-net-profit-doubles-to-%e2%82%b9-415-82-crore-in-q2-on-tax-gains\/","title":{"rendered":"IGL consolidated net profit doubles to \u20b9 415.82 crore in Q2 on tax gains"},"content":{"rendered":"<p>Indraprastha Gas Limited has reported a consolidated net profit of \u20b9 415.82 crore for the second quarter of financial year 2019-2020.<\/p>\n<p>This is more than twice the \u20b9 206.62 crore net profit for the same quarter of financial year 2018-2019.<\/p>\n<p>The substantial increase in bottomline can be attributed to a tax gain in the second quarter of the financial year 2019-2020. Instead of a total tax expense of \u20b9 108.04 crore in the comparable quarter of the previous fiscal, the company reported a tax gain of \u20b9 5.74 crore in the quarter ending September 30, 2019. <\/p>\n<p>\u201cThe Company elected to exercise the option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance 2019.&#8221; a company statement said<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indraprastha Gas Limited has reported a consolidated net profit of \u20b9 415.82 crore for the second quarter of financial year 2019-2020. This is more than twice the \u20b9 206.62 crore net profit for the same quarter of financial year 2018-2019. The substantial increase in bottomline can be attributed to a tax gain in the second quarter of the financial year 2019-2020. Instead of a total tax expense of \u20b9 108.04 crore in the comparable quarter of the previous fiscal, the company reported a tax gain of \u20b9 5.74 crore in the quarter ending September 30, 2019. \u201cThe Company elected to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-300123","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300123"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300123\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}