On a consolidated basis, Indraprastha Gas' net profit jumped 28.4% to Rs 381.83 crore on 13.1% fall in net sales at Rs 1446.16 crore in Q3 December 2020 over Q3 December 2019.
Profit before tax (PBT) soared 26.2% to Rs 495.50 crore in Q3 December 2020 over Q3 December 2019. Tax expense for the quarter rose 28.2% to Rs 108.95 crore as against Rs 84.98 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 10 February 2021.
Total volumes (CNG+PNG+Natural Gas) fell 6% to 576 million standard cubic meter (million SCM) in Q3 FY21 as compared to 616 million standard cubic meter (million SCM) in Q3 FY20. Total volumes (on a daily basis) slipped 6% to 6.26 million metric standard cubic meter per day (MMSCMD) in Q3 December 2020 from 6.70 million metric standard cubic meter per day (MMSCMD) in Q3 December 2019.
Shares of Indraprastha Gas rose 0.64% to Rs 560.30. Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel.
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