IGL net profit plunges 93% on high gas costs and pricing

Indraprastha Gas Ltd reported a 93% year-on-year drop in second-quarter net profit down to ₹24.38 crore due to high input costs.

The profit decline occurred despite an 8% year-on-year increase in overall sales volumes to 10.06 million metric standard cubic metres per day.

Gross sales turnover surged 35.4% year-on-year to ₹5,999.13 crore while consumer prices were shielded from global volatility.