Indraprastha Gas gains 3% post Q3 show; Nomura maintains buy with target Rs 400

Indraprastha Gas gains

Indraprastha Gas gains 3% post Q3 show; Nomura maintains buy with target Rs 400

Share price of Indraprastha Gas gained 3 percent intraday Thursday as company reported good set of numbers in the quarter ended December 2018.

Company’s Q3FY19 net profit rose 5.7 percent at Rs 198 crore against Rs 187.3 crore in quarter ended September 2018.

Revenue was up 6 percent at Rs 1,508.4 crore against Rs 1,421.5 crore.

Operating profit or EBITDA rose 3.2 percent at Rs 317.8 crore, while margin was at 21.1 percent.

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