The company’s net profit for the three months ended March increased from Rs. 108.96 crores in corresponding period last year to Rs 133.5 crore in FY’17, up 23%.
During this period, IGL registered a turnover of Rs. 1100 crore as compared to Rs. 976 crore in the corresponding period last year thereby showing a growth of 13%.
Sales volume, or the amount of gas sold, increased by 16% over the corresponding quarter in the last fiscal, with CNG sales volume growing by 11% and PNG sales volume growing by 25%.
The company’s gross turnover has grown to Rs. 4205 crores in the full year from Rs. 4052 crores in FY 16.
The net profit in FY 17 has shown a growth of 36 % from Rs 418.7 crores in FY 16 to Rs. 570.21 crores in FY 17, driven by higher volumes.
During 2016-17, total sales volume grew by 14% over the previous year with CNG recording 10% growth in volumes and PNG recording volume growth of 19%.
The average daily gas sale during the year went up to 4.59 mmscmd from 4.01 mmscmd in the previous year.
The board recommended a final dividend of 50% for consideration of the members in Annual General Meeting in addition to 35% interim dividend already declared and paid.
After consolidating the financial results of two associate companies, CUGL & MNGL, the consolidated net profit after tax of the company comes to Rs 605.28 crores against consolidated profit of Rs 457.58 crores in the previous year, thereby showing a growth of 32.27%.