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Indraprastha Gas Reports 18 Percent Jump In FY12 Net Profit (22-Jun-2012)

Indian-Commodity  :  Company-Reports  :  Indraprastha Gas Reports 18 Percent Jump In FY12 Net Profit
Indraprastha Gas Reports 18 Percent Jump In FY12 Net Profit
Indraprastha Gas, the sole supplier of CNG and piped cooking gas in the national capital, has reported audited financial results for the year ended 2012. The company has reported a jump of 17.97% in net profit Rs 306.43 crore from Rs 259.76 crore in 2010-11 fiscal. Moreover, the company's turnover rose 43% at Rs 2,790 crore.

Earlier, the company reported unaudited financial results. The company posted rise of 18.26% in its net profit at Rs 307.20 crore for the year ended March 31, 2012 as compared to Rs 259.77 crore for the same period in the previous year. Total income has increased by 44.01% at Rs 2525.35 crore for year under review as compared to Rs 1753.55 crore for the period ended March 31, 2011.

The company's board has recommended a dividend of 50% for the year.
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