IGL announced a rise in net profit by 9%
IGL announced a rise in net profit by 9%
New Delhi: Indraprastha Gas Limited, an Indian natural gas distribution company on Wednesday announced its Audited Financial Results for Quarter and Year ended on March 31, 2022 in its Board Meeting.
The company registered increase in net profit by 9% of Rs 363.08 crore in FY’22 as comparing to the last year Rs. 332.08 crores. IGL registered a turnover of Rs. 2638.20 crore as compared to Rs. 1700.52 crore in the corresponding period last year registering a growth of 55%.
Moreover the CNG registered sales volume growth of 16%, PNG showed overall sales volume growth of 7% during the quarter.
The Board also recommended the payment of dividend at 275 % i.e. Rs. 5.50 per share (face
value of Rs. 2/- each) for thefinancial year 2021-22, subject to approval of shareholders in the ensuing Annual General Meeting.
The standalone financial results of Indraprastha Gas Limited (IGL' or the 'Company') for the year ended 31 March 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective
meetings held on 18 may 2022. The company’s gross turnover recorded Rs. 8443 crores in FY’22
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