Indraprastha Gas declares 150% dividend, records 67% jump in Q3 revenue

Indraprastha Gas Limited a joint Venture of GAIL (India) Ltd., BPCL. & Govt. of NCT of Delhi, is a large-cap firm having a market cap of 29,046.53 Cr and the corporate offers in the power sector. The firm has declared its Q3FY23 outcomes right now together with a dividend of 150% for the monetary yr 2022-23.

The firm has stated right now in a inventory alternate submitting that “we want to inform that Board of Directors in its assembly held right now, has declared interim dividend @ 150% i.e. Rs. 3.00 per share (Face worth of Rs. 2/- every) on the fairness shares of the Company for the Financial Year 2022-23. The file date for ascertainment of shareholders entitled to obtain the aforesaid interim dividend shall be February 7, 2023 (Tuesday).”

On a standalone foundation, the corporate recorded internet revenue of 4,089.03 Cr in the quarter ended December 2022 as in opposition to 2,438.48 Cr recorded in the quarter ended December 2021, representing a progress of 67.68% YoY. The firm reported whole bills of 3,755.66 Cr in Q3FY23 as in opposition to 2,055.20 Cr in Q3FY22. Noida-based pure gasoline distributor, Indraprastha Gas recorded a standalone internet revenue of 278.26 Cr in Q3FY23 as in opposition to 308.52 Cr recorded in the year-ago quarter, representing a fall of 9.80% YoY. The firm’s EPS or earnings per share stood at 3.98 in the quarter ended December 2022 as in opposition to 4.41 recorded in the year-ago quarter.

Indraprastha Gas posted a complete quantity of 2209.07 million scm in Q3FY23 in opposition to 1853.74 million scm in the identical quarter final yr — registering a progress of 19%. On segment-wise efficiency, CNG gross sales quantity climbed 24% YoY to 1658.81 million scm in Q3FY23 in opposition to 1337.49 million scm in Q3FY22. Total PNG gross sales volumes surged to 550.26 million scm in Q3FY23 versus 516.25 million scm in Q2 of the earlier fiscal, registering a progress of seven%. Under PNG, gross sales quantity soared to 141.15 million scm domestically, whereas in phrases of business business, the volumes picked up 271.99 million scm in Q3FY23. Natural gasoline volumes stood at 137.12 million scm in the quarter ended December 2022 as in opposition to 125.60 million scm in the quarter ended December 2021, registering a progress of 9%.

On the NSE, the shares of Indraprastha Gas closed right now at 414.00 apiece stage, down by 2.40% from the earlier shut of 424.20.

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