Net profit of Indraprastha Gas declined 31.49% to Rs 326.55 crore in the quarter ended December 2024 as against Rs 476.62 crore during the previous quarter ended December 2023. Sales rose 5.70% to Rs 3758.76 crore in the quarter ended December 2024 as against Rs 3556.19 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3758.763556.19 6 OPM %9.6315.81 - PBDT530.13700.88 -24 PBT408.47598.97 -32 NP326.55476.62 -31 Powered by Capital Market - Live News

Indraprastha Gas will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live News

The Board of Indraprastha Gas has approved following changes in the Directorship of the Company: (i) Appointment of Sukhmal Kumar Jain (DIN: 09206648) as an Additional Director and Chairman w.e.f. 14 January 2025. (ii) Cessation of R.K. Jain (DIN: 08788595) as Chairman and Director w.e.f. 14 January 2025.(iii) Appointment of Sanjay Kumar (DIN: 08346704) as an Additional Director w.e.f. 14 January 2025.(iv) Cessation of Pankaj Kumar (DIN: 07245781) as a Director w.e.f. 14 January 2025.Powered by Capital Market - Live News

Indraprastha Gas (IGL) announced that as per the communication received from GAIL (India) (the nodal agency for domestic gas allocation), the domestic gas allocation to IGL has been revised upwards by 31% with effect from 16 January 2025 increasing the share of domestic gas in CNG Segment from 37% to 51%. The company has also tied-up additional RLNG volumes on term basis at competitive prices, with one of the major suppliers (around 1.0 MMSCMD). The above revision and signing of additional volumes shall have a positive impact on profitability of the company. Powered by Capital Market - Live News

The Board of Indraprastha Gas at its meeting held on 10 December 2024 has approved increase in authorised share capital from Rs 220 crore to Rs 1,000 crore. The Board also approved issue of bonus shares in ratio of 1:1. Powered by Capital Market - Live News