Indraprastha Gas Q3 Results: Profit falls 27% sequentially to ₹392 crore

Indraprastha Gas Ltd (IGL) reported its financial results for the October - December quarter on Thursday, January 25. The company reported a profit of ₹392 crore for the three months, down from ₹534.8 crore in the previous quarter. A CNBC-TV18 poll had predicted a profit of ₹454 crore.

The gas distribution company reported a 2.8% quarter-on-quarter increase in revenue for the period under review, while the margin slipped 250 basis points to 15.9%. One basis point is one-hundredth of percentage point.

The shares of the gas distribution company are trading close to 5% in the red post the result announcement.