Indraprastha Gas reports 19% rise in Q3 net profit

07 Feb 2019

Indraprastha Gas (IGL) has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 19.33% in its net profit at Rs 197.99 crore for the quarter under review as compared to Rs 165.92 crore for the same quarter in the previous year. Total income of the company increased by 28.52% at Rs 1,705.13 crore for Q3FY19 as compared Rs 1,326.71 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.

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