Indraprastha Gas has reported results for first quarter ended June 30, 2016.
The company has registered 44.39% rise in its net profit at Rs 148.01 crore for the quarter as compared to Rs 102.51 crore for the same quarter in the previous year. Total income of the company increased by just 0.04% at Rs 907.69 crore for quarter under review as compared to Rs 907.34 crore for the quarter ended June 30, 2015.
Indraprastha Gas, incorporated in 1998, is engaged in distribution of CNG and PNG in Delhi. In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.
