IGL Profit Falls 93% on Higher Gas Costs
IGL reported a 93% fall in net profit, while its overall sales grew 8% year on year. The profit drop came from higher input gas costs and consumer price protection measures. Readers may want to watch how these cost pressures affect the company's next results.
Context
Context: Indraprastha Gas is a city gas company that supplies piped cooking gas and CNG for vehicles in Delhi and nearby areas. Its costs rise and fall with the price of the natural gas it buys, so profits can swing sharply.
Burning Potato score: 62%