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Indraprastha Gas reports 37% rise in Q3 net profit

09 Feb 2017 Evaluate

Indraprastha Gas (IGL) has reported results for third quarter ended December 31, 2016.  

The company has reported 36.81% rise in its net profit at Rs 144.81 crore for the quarter under review as compared to Rs 105.85 crore for the same quarter in the previous year. Total income of the company increased marginally by 2.70% at Rs 1062.48 crore for the quarter under review as compared Rs 1034.52 crore for the corresponding quarter previous year.       

IGL is engaged in distribution of CNG and PNG in Delhi. 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.

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 245.30
Indraprastha Gas 149.40
Mahanagar Gas 1083.60
Adani Total Gas 660.65
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