On a consolidated basis, Indraprastha Gas (IGL)'s net profit soared 690.1% to Rs 277.95 crore on 96.9% surge in net sales to Rs 1,257.39 crore in Q1 June 2021 (Q1 FY22) over Q1 June 2020 (Q1 FY21).
Profit before tax jumped 635.30% to Rs 363.60 crore in Q1 FY22 as against Rs 49.45 crore in Q1 FY21. The Q1 result was declared post trading hours yesterday, 13 August 2021.
Total sales volumes (CNG+PNG+Natural Gas) grew 96% to 483.77 million standard cubic meter (million SCM) in Q1 FY22 compared with 247.39 million SCM in Q1 FY21.
The scrip shed 0.34% to end at Rs 534.85 on Friday. IGL is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel.
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