Companies

IGL Q1 net up 3% at Rs 87.6 crore

Our Bureau New Delhi | Updated on August 12, 2013 Published on August 12, 2013

Indraprastha Gas Ltd (IGL) on Monday reported a marginal 2.95 per cent increase in net profit for the first quarter of 2013-14. 

The supplier of compressed natural gas (CNG) and piped natural gas (PNG) reported profit after tax of Rs 87.57 crore during April-June 2013 against Rs 85.06 crore in the same period of the previous year.

During the first three months of the current fiscal year, IGL registered a turnover of Rs 996.59 crore (Rs 841.36 crore).

“There has been an overall sales volume growth of 5 per cent over the corresponding quarter in the last fiscal. Product-wise, CNG recorded sales volume growth of 4 per cent, while PNG recorded sales volume growth of 7 per cent  in the quarter as compared to last year,” it said in a statement.

 

Siddhartha.s@thehindu.co.in

Published on August 12, 2013
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