Indraprastha Gas Q1 net plunges 48% as volatile LNG prices hit margins
City-gas distributor Indraprastha Gas Ltd (IGL) reported a nearly 48% year-on-year (YoY) decline in net profit for the quarter ended June, as margins were squeezed by “high and volatile” liquefied natural gas (LNG) prices amid supply disruptions caused by the West Asia crisis. IGL’s net profit in the first quarter of the current fiscal year…
Read More “Indraprastha Gas Q1 net plunges 48% as volatile LNG prices hit margins” »