Business Today
Subscribe
NRICareer & JobsUS NewsIn PicsWeatherPetrol PricesDiesel PricesPMS TodayBT Reels
BT India at 100BT Infra SummitEY Business Today Hidden Gems 2026
Search
Advertisement
Business News
markets
company stock
Indraprastha Gas shares slip 6% post Q3 earnings; check details

Indraprastha Gas shares slip 6% post Q3 earnings; check details

IGL₹ 150.49(1.95%)

Indraprastha Gas shares slipped 6% to Rs 409 against the previous close of Rs 434.75 on BSE. Market cap of the firm fell to Rs 28,773 crore.

Join Our WhatsApp Channel
Aseem Thapliyal
Aseem Thapliyal
  • Updated Jan 25, 2024 2:59 PM IST
Indraprastha Gas shares slip 6% post Q3 earnings; check detailsIndraprastha Gas stock has lost 2.60% this year and fallen a percent in the last one year
SUMMARY
  • Total 2.28 lakh shares of the firm changed hands amounting to a turnover of Rs 9.59 crore on BSE.
  • The stock opened higher at Rs 436.55 on BSE.
  • Consolidated revenue from operations slipped 4 percent to Rs 3926.19 crore in the last quarter against Rs 4089.03 crore in the year-ago period.

Shares of Indraprastha Gas Ltd (IGL)  slipped 6% in the afternoon session after the firm reported a 42% rise in consolidated net profit in Q3 from the year-ago period.

Indraprastha Gas shares slipped 6% to Rs 409 against the previous close of Rs 434.75 on BSE.  Market cap of the firm fell to Rs 28,773 crore.  The stock opened higher at Rs 436.55. Indraprastha Gas stock has lost 2.60% this year and fallen a percent in the last one year.

Advertisement

Total 2.28 lakh shares of the firm changed hands amounting to a turnover of Rs 9.59 crore on BSE.

Also read: Stock recommendations by analyst for January 25, 2024: NMDC Steel, CEAT and PowerGrid

Net profit rose to Rs 475.45 crore in the December 2023 quarter against Rs 334.06 crore in the December 2022 quarter.

Consolidated revenue from operations slipped 4 percent to Rs 3926.19 crore in the last quarter against Rs 4089.03 crore in the year-ago period.

On a sequential basis, net profit fell 14% from Rs 552.67 crore. Profit before tax climbed to Rs 598.97 crore in Q3 against Rs 444.91 crore in the year ago period. Earnings per share (EPS) surged to Rs 6.79 per share in the last quarter against Rs 4.77 per  share in the December 2022 quarter.

Advertisement

Also read: Hot stocks on January 25: IREDA, Sterling and Wilson, RITES, RailTel, KPIT Tech and more    

Also read: ACC Q3 FY24 results: Net profit jumps over 5-fold to Rs 527 crore; stock up 6%

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Follow us on

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Jan 25, 2024 2:31 PM IST
Follow Us onChannel

TOP STORIES

TOP VIDEOS

market today

LATEST

Read more