Indraprastha Gas Limited (IGL) on Wednesday posted fiscal second quarter profit at Rs 552.67 crore, up 29.5 per cent in comparison to Rs 426.84 crore during the same period last year. It posted revenue from operations at Rs 3,822.53 crore, down 2.5 per cent as against Rs 3,922.02 crore during the second quarter of FY23.
The company board also declared an interim dividend at 200 per cent, that is, Rs 4 per share at the face value of Rs 2 each on the equity shares of the company for the financial year 2023-24. “The record date for ascertainment of shareholders entitled to receive the aforesaid interim dividend shall be November 15, 2023,” the company said in a regulatory filing.
IGL’s CNG sales volume recorded a growth of 3 per cent on-year to 574.72 million scm from 560.25 million scm during the year ago period. While PNG – Domestic sales volume registered a growth of 15 per cent on-year to 52.98 million scm, PNG (industrial/ commercial) sales volume witnessed a degrowth of 2 per cent to 90.10 million scm. Natural gas sales volume remained stagnant at 46 million scm.