IGL (IGL) Q4 Financial Update: 9% Surge in Net Profit to ₹433 Crore, Dividend Announced

• Indraprastha Gas Limited (IGL) reports a nine per cent increase in consolidated net profit for Q4FY24.
• IGL’s revenue from operations in Q4FY24 dropped two per cent compared to the previous year.
• The company’s board recommends a final dividend of 250 per cent at Rs.5 per equity share for FY24.

IGL announces Q4 results for fiscal 2023-24, reporting a rise in consolidated net profit and a slight drop in revenue from operations. The board also recommends a hefty final dividend.

IGL Q4 Results: A Closer Look

IGL announced its Q4 results on Tuesday, May 7, reporting a consolidated net profit of ₹433.79 crore, a nine per cent increase from ₹397.51 crore in the corresponding period last year. However, the city gas distributor’s revenue from operations in Q4FY24 dropped two per cent to ₹3,964.42 crore, compared to ₹4,056.44 crore in the year-ago period.

Final Dividend and Future Prospects