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IGL profit up by 18 per cent in Q3

The net profit of the Indraprastha Gas Limited (IGL) for the quarter ending December 2020 has increased by 18%. As per the unaudited Q3 results announced by the company for the quarter ending December 2020, its profit increased to Rs 334.87 crore in FY’21 as compared to Rs. 283.59 crore in corresponding period in the last fiscal. These are standalone results for IGL only and do not include profits accruing from associate companies. IGLregistered average daily sale of 6.26 mmscmd in the quarter as most of the lockdown restrictions started getting relaxed except reopening of educational institutions. The total gross sales value during the quarter was Rs 1587.36 crore against Rs 1831.16 crore during the third quarter of FY’20.
Both physical and financial performance of the company reflect a strong recovery after the second quarter due to gradual easing of restrictions and beginning of unlock period leading to increased economic activity. Sales have picked up steadily and presently have touched pre-lockdown levels.IGL supplies CNG and PNG in the National Capital Territory of Delhi and NCR towns of Noida, Greater Noida, Ghaziabad, Rewari, Gurugram, Muzaffarnagar, Karnal, Kaithal and Kanpur city.
 
 
 
 
 

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