93% drop in Q2 profit despite record sales: Why rising input cost is squeezing IGL

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IGL's net profit declined to ₹24.38 crore in Q2 FY27 from ₹372.51 crore in the corresponding quarter last year. The decline came despite an 8% increase in sales volumes and a 26% jump in gross sales turnover, which rose to ₹5,999.13 crore from ₹4,431.63 crore.