IGL net profit plummets 93% on higher input gas cost and consumer price protection

Indraprastha Gas Ltd, which operates the city gas distribution business in Delhi, saw its net profit plummet by 93% due to higher input gas costs and measures to protect consumers from price hikes. This decline in profit is significant because it affects the company's ability to invest in its business and pay dividends to shareholders. The 8% growth in overall sales is a positive sign, but it is not enough to offset the impact of rising input costs on the company's bottom line.

Why it matters

Higher input gas costs have reduced IGL's profit margin. The company's sales growth has not been enough to offset the increased costs.

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