IGL believes in the growth story of India

In Q1FY24, the company recorded a 7 per cent increase in net revenue at ₹3,406.98 crore compared to Q1FY23. The net profit for Q1FY24 also rose by 4 per cent to ₹438.5 crore from the year-ago period. What factors contributed to this performance? 

- 

The company has registered YOY volume growth of 7 per cent. CNG sales prices were reduced substantially in beginning of the first quarter after the implementation of Kirit Parikh committee report. The increase in CNG sales is largely attributable to following factors:

The Company has also recorded increase in sales in its PNG domestic and commercial Segment by 20 per cent and 16 per cent approximately with addition of Approx. 2.25 lakh PNG domestic customers and 700 commercial Customers during last year