Indraprastha Gas Ltd Q2 profit down 15 pct

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New Delhi | Updated: November 7, 2015 8:32:00 PM

Indraprastha Gas Ltd, the sole supplier of CNG and piped cooking gas in the national capital, today reported 15 per cent drop in the second quarter net profit on lower realisations.

CNG gas, CNG price in Delhi, Compressed natural gas, Compressed natural gas price, CNG, CNG price, CNG rate, CNG rate cut, Delhi CNG price, NCR CNG rate, Indraprastha Gas, IGL, IGL revenueNet profit in July-September at Rs 110.61 crore was 15 per cent lower than Rs 119.61 crore net profit in the same period a year ago, Indraprastha Gas said in a statement here. (Reuters)

Indraprastha Gas Ltd, the sole supplier of CNG and piped cooking gas in the national capital, today reported 15 per cent drop in the second quarter net profit on lower realisations.

Net profit in July-September at Rs 110.61 crore was 15 per cent lower than Rs 119.61 crore net profit in the same period a year ago, Indraprastha Gas said in a statement here.

The net profit dipped “due to lower realisations”, the company said without elaborating.

Sales was up 2 per cent at Rs 1,063 crore. Compressed natural gas (CNG) sales volume in the quarter has increased by 3 per cent and piped natural gas sales volumes rose by 4 per cent over Q2 of FY15.

“On an overall basis there is 3 per cent growth in sales volume during this quarter over the corresponding quarter of FY15, with daily sale averaging at 4.07 million standard cubic meters per day,” it said.

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