Total volumes grew 14% to 697 million standard cubic meter (million SCM) in Q4 FY22 as against 614 million SCM in Q4 FY21. In terms of million metric standard cubic meter per day (MMSCMD), total volumes also jumped 14% to 7.75 MMSCMD in Q4 FY22 from 6.82 MMSCMD in Q4 FY21.
On full year basis, the gas supplier company reported a 30.7% rise in the net profit to Rs 1,314.95 crore on a 56% jump in the net sales to Rs 8,484.73 crore in the financial year ended 31 March 2022 over the financial year ended 31 March 2021.
The board recommended a dividend of Rs 5.50 per equity share for the financial year ended 31 March 2022.
Indraprastha Gas is a natural gas distribution company. It supplies natural gas as cooking and vehicular fuel. As on 31 March 2022, Life Insurance Corporation of India (LIC) held 7.46% stake in the company.
Shares of Indraprastha Gas (IGL) closed 0.60% higher at Rs 388.70 on the BSE.
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