Indraprastha Gas Ltd (IGL), the country's largest city gas distributor, reported a sharp 93.5 per cent decline in standalone net profit for the September quarter as a substantial increase in input gas costs eroded margins, offsetting higher sales volumes and revenue. Net profit fell to Rs 24.38 crore in the second quarter of 2026-27 from Rs 372.51 crore a year earlier, despite an 8 per cent increase in sales volumes and a 26 per cent jump in gross turnover. The company said its average daily gas sales crossed the 10 million standard cubic metres per day (mmscmd) mark for the first time, rising to 10.06 mmscmd in the July-September period from 9.31 mmscmd in the corresponding period last year. Gross sales turnover increased to Rs 5,999.13 crore from Rs 4,431.63 crore, reflecting higher sales as well as the impact of increased gas prices. CNG volumes grew 9 per cent year-on-year during the quarter, while piped natural gas (PNG) sales rose 8 per cent, indicating continued expansion in
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