IGL Q2 profit plunges 93.5% as higher gas costs squeeze margins

RSS excerpt

Indraprastha Gas Ltd (IGL), India’s largest city gas distributor, reported a 93.5% drop in standalone net profit for the July-September quarter as higher natural gas procurement costs further shrank margins even as sales volumes hit all-time highs. IGL reported a net profit of Rs 24.38 crore for the…