Mahanagar Gas Ltd Share Price – NSE  /  BSE

Gas Distribution, Small Cap

Revenue from operations (excluding excise duty) increased 3.37% year-over-year (YoY) to Rs 1,589.63 crore during the period under review.

Profit before tax stood at Rs 383.69 crore in the first quarter of FY25, down 22.59% as against with Rs 495.67 crore posted in Q1 FY24.

EBITDA tumbled by 19.72% to Rs 418.48 crore as on 30 June 2024 from Rs 521.27 crore as on 30 June 2023. EBITDA margin for Q1 FY25 was 26.33% as against 33.90%in Q1 FY24.

Total volumes for Q1 FY25 totaled to 351.13 SCM million, up 13.09% YoY. CNG volumes added up to 252.30 SCM million (up 11.73% YoY) and PNG volumes aggregated to 98.83 SCM million (up 16.70% YoY).

On consolidated basis, the company’s net profit fell 21.61% to Rs 288.78 crore in Q1 FY25 as against with Rs 368.40 crore posted in Q1 FY24. Revenue from operations was at Rs 1,832.15 crore in Q1 FY25, registering a growth of 8.39% year on year.

Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles.

The scrip advanced 3.83% to currently trade at Rs 1,821 on the BSE today.

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Net profit of Mahanagar Gas declined 21.61% to Rs 288.78 crore in the quarter ended June 2024 as against Rs 368.40 crore during the previous quarter ended June 2023. Sales rose 8.32% to Rs 1665.76 crore in the quarter ended June 2024 as against Rs 1537.79 crore during the previous quarter ended June 2023.

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Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 25 July 2024.

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EBITDA improved marginally to Rs 393.79 crore in Q4 FY24 from Rs 389.68 crore in Q4 FY23. EBITDA margin in the fourth quarter was 25.13% as against 24.20% in the same period last year.

Total sales volume for the period under review amounted to 343.91 SCM million (up 13% YoY). Of this, CNG sales volume added up to 242.57 SCM million (up 12% YoY) and PNG sales volume aggregated to 101.34 SCM million (up 17% YoY).

For FY24, Mahanagar Gas has recorded net profit and net revenue of Rs 1,289.07 crore (up 63.16% YoY) and Rs 6,244.53 crore (down 0.87% YoY), respectively.

The board of MGL has approved a final dividend of Rs 16 per share for the year ended on 31 March 2024.

Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles.

The scrip fell 2.10% to currently trade at Rs 1301.95 on the BSE today.

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