Home / Markets / News / IGL slips 2% post 86% decline in Q1 profit; ICICI Securities retains "SELL"

IGL slips 2% post 86% decline in Q1 profit; ICICI Securities retains "SELL"

Revenue from operations came in at Rs 692.53 crore, down 60 per cent against Rs 1,744.07 crore in the June 2019 quarter.

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On a standalone basis, the company's net profit came in at Rs 31.84 crore, down 85 per cent YoY.

3 min read Last Updated : Aug 27 2020 | 10:53 AM IST

Shares of Indraprastha Gas (IGL) fell 2 per cent on the BSE on Thursday after the company posted an 85.6 per cent drop in its consolidated net profit at Rs 35.18 crore for the quarter ended June 2020 (Q1FY21) against Rs 245.04 crore profit logged in the year-ago period.

Revenue from operations came in at Rs 692.53 crore, down 60 per cent against Rs 1,744.07 crore in the June 2019 quarter while total income tumbled 59 per cent year-on-year (YoY) to Rs 723.16 crore.

On a standalone basis, the company's net profit came in at Rs 31.84 crore, down 85 per cent

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