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IGL registers 12 pc growth in overall sales in Q3
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IGL registers 12 pc growth in overall sales in Q3

Agency News

New Delhi, Feb 6 : Indraprastha Gas Limited (IGL) on Wednesday announced that the company for the quarter ending December 2018 registered an overall sales volume growth of 12 per cent over the corresponding quarter in the last fiscal.

IGL is the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida, Ghaziabad, Rewari & Gurugram.

As per the unaudited Q3 results the average daily sale increased from 5.26 mmscmd to 5.91 mmscmd.

It was stated that product wise, CNG recorded sales volume growth of 13 per cent, while PNG recorded sales volume growth of 10 pc in the quarter as compared to last year.

The total gross sales value during the quarter has increased by 28 pc to Rs 1661 crore as compared to Rs 1294 crore during the third quarter of FY’18.

The net profit for the quarter ending December 2018 including other comprehensive income for the quarter, has increased by 19 pc to Rs 197.94 crore in FY’18 as compared to Rs. 165.65 in corresponding period in the last fiscal.

"These are standalone results for IGL only and do not include profits accruing from associate companies," stated the release. (UNI)