IGL reports eight-fold rise in consolidated Q1 profit to Rs 277.95 crore

Indraprastha Gas (IGL) has reported an eight-fold rise in consolidated net profit to Rs 277.95 crore for the first quarter of FY22. The consolidated net profit in the comparable quarter of financial year 2020-21 was Rs 35.18 crore.

Consolidated total income during the period under review nearly doubled to Rs 1,410.32 crore from Rs 723.16 crore in the same period a year ago.

IGL is currently the largest CNG distribution company of the country, operating City Gas Distribution (CGD) networks across 27 districts in ten geographical areas across Delhi, Uttar Pradesh, Haryana and Rajasthan.

“Average sales volume was 5.32 million