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Indraprastha Gas sees revenue at Rs 1300cr in FY10

28 Oct 09 01:38 PM
Money Control
Indraprastha Gas has announced its second quarter FY10 results where its net profit stood at Rs 56.8 crore versus Rs 50 crore. Its net sales were up at Rs 273.1 crore versus Rs 215 crore. Its OPM was at 36.6% versus 39.5%.

Commenting on the company’s Rajesh Ved Vyas, its Managing Director, said that the growth in volume will offset pressure on margins. He added that margins are under pressure on higher gas prices. Vyas further said that the company will target revenues of Rs 1,300 crore in FY10.