IGL reported a 93.4% decline in Q2 FY27 profit to Rs 24.4 crore, despite an 8% rise in sales volume
NEW DELHI: IGL reported a 93.4% decline in its profit in the second quarter of FY27 due to a substantial increase in input gas costs amid global supply disruptions caused by uncertainties in West Asia.The company’s standalone net profit for the quarter ended Sept was Rs 24.4 crore, compared with Rs 372.5 crore in the corresponding period of FY26, despite an 8% increase in sales volume and a 26% rise in sales turnover. IGL said its average daily sales increased from 9.3 million standard cubic metres per day (mmscmd) to 10.1 mmscmd during the quarter, reflecting the growth in demand, while gross sales turnover rose to Rs 5,999.1 crore from Rs 4,431.6 crore in the corresponding period of FY26.