New Delhi Indraprastha Gas Limited (IGL) on Tuesday reported a 72% rise in its standalone net profit for the April-June quarter 420.86 crores.
During the corresponding period of the previous financial year (FY22), the company had reported a net profit of 244.29 crores.
In a statement, IGL said that during the quarter under review, its total sales volume grew by 48% as compared to the corresponding quarter of the previous fiscal, with average daily sales rising from 5.32 million metric standard cubic meters per day (mmscmd) to 48. % happened. 7.89 MMSCMD.
Product-wise, CNG registered a sales volume growth of 63%, while PNG registered a sales growth of 17% in the quarter as compared to the same quarter last year.
Total Gross Selling Price has increased during the quarter 3,519 crore as compared to 1,372 crore during the first quarter of FY 2013, registering a growth of 157%.
IGL has a city gas distribution (CGD) network in 30 districts in eleven geographical areas in the four states of Delhi, Uttar Pradesh, Haryana and Rajasthan.
It has a CGD network of over 17,000 km in parts of Delhi, Noida, Greater Noida, Ghaziabad, Rewari, Gurugram, Karnal, Kaithal, Fatehpur, Ajmer, Pali, Rajsamand, Hamirpur, Shamli, Muzaffarnagar, Kanpur and Meerut.
It meets the fuel requirements of over 1.6 million vehicles running on CNG through a network of over 714 CNG stations. IGL has connected around 20 lakh households with PNG in these cities.
It has also been authorized to undertake urban gas distribution projects in Chitrakoot, Mahoba and Banda districts of Uttar Pradesh.
catch all corporate news And updates on Live Mint. download mint news app to receive daily market update & Live business News,