IGL Shares Plunge Nearly 10% as Q2 EBITDA Swings to Loss
Indraprastha Gas shares fell as much as 9.7% on Monday, November 2, after its September-quarter EBITDA swung to a loss and net profit declined about 89% year over year.
Shares of Indraprastha Gas (IGL) fell as much as 9.7% on Monday, November 2, after the city gas distributor reported a sharp deterioration in its September-quarter operating performance, with EBITDA swinging to a loss and net profit declining about 89% year-on-year (YoY).IGL reported an EBITDA loss…