Indraprastha Gas Ltd reported an 18 per cent jump in net profit in 2011-12 fiscal on the back of higher sale volumes.

Net profit was up 18 per cent to Rs 306.43 crore as against Rs 259.76 crore in the previous fiscal. Turnover was up 43 per cent at Rs 2,790 crore.

“During 2011—12, total sales volume grew by 22 per cent over the previous year,” the company said in a statement. “The average daily gas sale during the year has gone up to 3.33 million standard cubic meters per day from 2.75 mmscmd in the previous year“.

IGL recommended a dividend of 50 per cent for the current year.

(This article was published on June 21, 2012)
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