InvestorQ : How were the quarterly numbers of Indraprastha Gas for the September 2022 quarter?
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How were the quarterly numbers of Indraprastha Gas for the September 2022 quarter?

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Deepa Salunkhe answered.
1 month ago
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It was a flat quarter amidst regulated prices of gas supply in India. For the latest quarter, Indraprastha Gas Ltd reported tepid 4% growth in profits amidst a sharp spike in the usage of the fuel, which resulted in pressure on profitability. Indraprastha is the supply of city gas to households in the Delhi and NCR region. The input cost hikes could not be passed on to the end consumer, despite sharp spike in global gas prices. Sales were up 95% yoy at Rs3,909 crore but net profits for Q2FY23 was almost flat with 4% gains at Rs416.15 crore. However, it reported volume growth of 15% in the quarter.

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