Indraprastha Gas net profit rises 16.5 percent
October 19th, 2011 - 5:26 pm ICT by IANSMumbai, Oct 19 (IANS) Indraprastha Gas Ltd (IGL) Wednesday posted an increase of 16.5 percent in net profit at Rs.77.23 crore for the quarter ended Sep 30 against Rs.66.29 crore during the like period of the previous financial year.
Total sales stood at Rs.663.2 crore during the quarter, up 32.3 percent against the like period of 2010-11, the company said in a regulatory filing.
IGL is the sole supplier of compressed natural and cooking gas used for transportation and by households in Delhi and the National Capital Region.
Earlier this month, IGL had raised the price of compressed natural gas by over Rs.2 per kg.
According to the firm it was forced to increase the price as the continuous fall in the rupee had raised the cost of importing gas. A fall in domestic production, primarily from the Krishna Godavari D6 basin had resulted in increased imports.
At the Bombay Stock Exchange the shares of the company were 0.30 percent up to trade at Rs.396.70.
- CNG price raised by Rs.2.30 in national capital region - Sep 30, 2011
- Indraprastha Gas third quarter net up 14 percent - Jan 08, 2011
- CNG price raised marginally - Jun 04, 2011
- CNG prices hiked in Delhi and neighbourhood - Mar 05, 2012
- IGL Q2 profit up 17 percent - Nov 12, 2010
- Regulator asks IGL to reduce gas prices - Apr 10, 2012
- Have power to frame CNG tariff rules, regulator tells court - May 22, 2012
- Court reserves order on CNG price cut - May 24, 2012
- Have power to frame CNG tariff rules, regulator tells court (Lead) - May 22, 2012
- CNG price to go up by up to Rs.2 per kg - Dec 30, 2011
- No stay on regulator's order to cut gas prices in Delhi (Lead) - Apr 11, 2012
- CNG gets dearer, to cost Rs.29 per kg - Jan 01, 2011
- CNG prices raised up to Rs.2 a kg in NCR (Lead) - Dec 30, 2011
- CNG to cost Rs.5.60 more a kg in Delhi from midnight - Jun 16, 2010
- CNG gets dearer by 30 paisa in Delhi - Apr 02, 2011
Tags: bombay stock exchange, compressed natural gas, crore, d6, godavari, households, IGL, indraprastha gas ltd, kg, krishna, net profit, rs 2, rupee, sole supplier