Natural gas distribution company Indraprastha Gas Ltd (IGL) on Thursday recorded its Q3FY24 profit at Rs 475.45 crore, up 42.3 per cent on-year in comparison to Rs 334.06 crore during the corresponding quarter of previous year, surpassing estimates. It posted revenue from operations at Rs 3,926.19 crore, down 4 per cent as against Rs 4,089.03 crore during the third quarter of FY23. According to a CNBC TV18 poll, IGL was expected to post Q3FY24 profit at Rs 454 crore and revenue was estimated at Rs 3,493 crore for the quarter ended December 2023.
IGL Q3 Results: Profit rises by 42.3% to Rs 475.45 crore even as revenue drops by 4% on-year
IGL posted revenue from operations at Rs 3,926.19 crore, down 4 per cent as against Rs 4,089.03 crore during the third quarter of FY23.
