IGL's Q2 profit crashes 93% as gas costs bite

Indraprastha Gas Ltd reported a more than 93% year-on-year drop in second-quarter net profit to ₹24.38 crore, as higher input gas costs and its decision to shield consumers from global price swings squeezed margins. Sales volumes still rose 8% to 10.06 MMSCMD, with CNG up 9% and piped gas up 8%, while gross turnover jumped 35.4% to ₹5,999 crore.