Indraprastha Gas logo

IGL - Indraprastha Gas News Story

₹515.15 -9.8  -1.9%

Last Trade - 16/04/21

Sector
Utilities
Size
Large Cap
Market Cap £3.50bn
Enterprise Value £3.27bn
Revenue £528.1m
Position in Universe 108th / 3109

BUZZ-India's Indraprastha Gas rises to near 2-month high after Q1 profit jump

Fri 16th August, 2019 6:09am
** Shares of Indraprastha Gas Ltd  IGAS.NS  rise 4.4% to
330.5 rupees, their highest since June 21
    ** The city gas distributor posted a 24% jump in its
June-qtr profit to 2.18 bln rupees ($30.56 mln) against 1.76 bln
rupees a year earlier, backed by higher sales volumes
 urn:newsml:reuters.com:*:nFWN25A0PF
    ** Revenue surged 22.5% to 17.44 bln rupees
    ** Around 3 mln shares change hands vs 30-day avg of 1.9 mln
shares
    ** Up to last close, Indraprastha up 18% this year, while
peer Gujarat Gas  GGAS.NS , which posted a 92% plunge in Q1
profit on July 30, up 41%

   ($1 = 71.3425 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))
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