Indraprastha Gas Q1 net plunges 48% due to volatile LNG prices
Summary
- Indraprastha Gas (IGL) reported a 48% decline in Q1 net profit
- The decline was attributed to volatile LNG prices impacting margins
- Average daily sales grew by 6% despite the decline in net profit
Key Facts
- · 48% decline in Q1 net profit
- · Volatile LNG prices impacted margins
- · 6% growth in average daily sales
Why it matters
The decline in net profit due to volatile LNG prices can impact the energy sector and the economy as a whole
#Indraprastha Gas#LNG prices#energy sector#quarterly results