IGL Q2 result: Net profit plunges 93.5% to ₹24 crore on higher gas costs
Originally published by Business Standard
Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue. Net profit fell to Rs 24.38 crore in the second quarter of 2026-27 from Rs 372.51 crore a year earlier, despite an 8 per cent increase in sales volumes and a 26 per cent jump in gross turnover. The company said its average daily g
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