IGL net profit plummets 93% on higher input gas cost and consumer price protection
City gas distributor Indraprastha Gas Ltd. (IGL) reported a sharp decline in second-quarter net profit as elevated input gas costs squeezed margins, despite higher sales volumes. The company’s decision to shield consumers from global price volatility also weighed on profitability. Net profit plunged more than 93% year-on-year (YoY) to ₹24.38 crore during the quarter despite…
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