IGL Q4 profits rise over 4 percent

New Delhi, May 23 (IANS) State-run gas distributors Indraprastha Gas Ltd (IGL) Thursday reported an over 4 percent rise in net profits year-on-year for its fourth quarter ended March 31.

The Company has posted a net profit of Rs.83.52 crore for the quarter in question, as compared to Rs.79.99 crore for the quarter ended March 31, 2012.

It recorded a net profit of Rs.354.1 crore for the year ended March 31, 2013 as compared to Rs.306.4 crore for the previous fiscal.

Total Income has increased from Rs.252.5 crore in the previous financial year to Rs.337.9 crore for the year ended March 31, 2013.

In a filing to the BSE, IGL said its board has recommended 55 percent dividend of Rs.5.50 per share to the shareholders for the 2012-13 financial year.

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