February 8, 2022, New Delhi: Indraprastha Gas Limited (IGL) the largest CNG distribution company of the country, operating City Gas Distribution (CGD) networks across 27 districts in ten geographical areas across four states of Delhi, Uttar Pradesh, Haryana and Rajasthan today announced its financial results for the third quarter of FY’22, as the volume growth continued the strong momentum gained in second quarter, after the pandemic restrictions hit first quarter.
As per the unaudited Q3 results announced by the company for the quarter ending December 2021, IGL registered average daily sale of 7.66 mmscmd in the quarter as compared to 6.26 mmscmd in the corresponding quarter of FY’21 thereby showing a strong volume growth of 22%. While CNG segment registered sales volume growth of 26%, PNG segment showed overall sales volume growth of 14% during the quarter. The total gross sales value during the quarter was Rs 2428.06 crore against Rs 1587.36 crore during the third quarter of FY’21.
The net profit for the quarter ending December 2021 was Rs 308.52 crore as compared to Rs. 334.87 crore in corresponding period in the last fiscal, while maintaining gross profit at the same level of around Rs 830 crore