Indraprastha Gas - Q2FY13 Result First Cut - Microsec

Indraprastha Gas Ltd. (IGL) announced its Q2 results on November 7, 2012.

The company reported a total income of INR 855.18 cr registering a healthy growth of 43 % YoY while its PAT grew by a staggering growth of 28%. However pressure in margins are there.

The Supreme Court hearing between PNGRB and IGL is expected in this month and clarification on the matter will unfolds as the hearing commences.

The Delhi High court already verdict in favor of the IGL and if Supreme court's verdict come up in favor of IGL it will definitely be a positive trigger for IGL's fundamentals.

Source : Equity Bulls

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