Indraprastha Gas Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 25, 2024 at 03:10 am
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Indraprastha Gas Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 35,561.9 million compared to INR 37,108.1 million a year ago. Revenue was INR 39,807.6 million compared to INR 41,447.7 million a year ago. Net income was INR 4,766.2 million compared to INR 3,340.6 million a year ago. Basic earnings per share from continuing operations was INR 6.79 compared to INR 4.77 a year ago.
For the nine months, sales was INR 104,216.9 million compared to INR 104,586.7 million a year ago. Revenue was INR 116,724.7 million compared to INR 116,788.6 million a year ago. Net income was INR 15,512.8 million compared to INR 12,421.4 million a year ago. Basic earnings per share from continuing operations was INR 22.14 compared to INR 17.74 a year ago.
Indraprastha Gas Limited is a city gas distribution company. The Company is engaged in the sale of natural gas. It is focused on industrial and commercial business. It provides safe and uninterrupted gas supply to transport, domestic, commercial and industrial consumers through its distribution network. It offers piped natural gas (PNG), which includes methane-CH4, with a small percentage of other hydrocarbons. It also offers compressed natural gas (CNG), which is a gaseous fuel and is a mixture of hydrocarbons, mainly methane. Its operations cover various regions, including the NCT of Delhi, Noida, Greater Noida, Ghaziabad and Hapur, Gurugram, Meerut, Shamli, Muzaffarnagar, Karnal, Rewari, Kanpur, Hamirpur and Fatehpur districts, Kaithal, Ajmer, Pali, Rajsamand, Banda and others. It supplies PNG in all hotels, restaurants, malls, commercial complexes, educational/religious institutions and hospitals in various districts in and around Delhi-NCR under the commercial sector.