Indraprastha Gas Q4 dividend: IGL board recommends Rs 5 dividend, posts Q4 earnings

The board of directors of Indraprastha Gas on Tuesday, May 7, recommended a final dividend of Rs 5 per equity share for FY24 with a face value of Rs 2 each, according to a stock market disclosure.

"The Board also recommended final dividend @ 250% i.e. Rs.5 per share (face value of Rs.2/- each) for the financial year 2023-24, subject to the approval of shareholders in the ensuing Annual General Meeting," the company said in a BSE filing.

Simultaneously, the city gas distribution company IGL has also posted its financial results for the fourth quarter ended on March 31, 2024. 

IGL reported a 9 per cent increase in its consolidated net profit at Rs 433.29 crore for the fourth quarter in comparison with Rs 397.51 crore a year ago. The company’s revenue from operations came in at Rs 3,964.42 crore, declining marginally from Rs 4,056.44 crore recorded in the same period last year.

Meanwhile, shares of Indraprastha Gas closed at Rs 437.20 apiece, down 1.24 per cent on BSE today, May 7.