Shares of Indraprastha Gas Limited (IGL) rose by 4.27% to ₹422.00 on the NSE at 9:19 AM on October 29, 2024, following the announcement of its Q2 FY25 results. IGL reported a 7% year-over-year increase in revenue, reaching ₹4,088 crore, while net profit rose by 6% year-over-year to ₹431 crore.
The revenue growth reflects steady demand in the gas distribution sector, with IGL benefiting from higher sales volumes and stable pricing. The increase in net profit highlights the company’s effective cost management and operational efficiency, contributing positively to its quarterly performance.
The market responded positively to these results, with investors showing confidence in IGL’s consistent growth trajectory in the energy sector.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions.
