Latest news with #MahanagarGas
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Business Standard
07-05-2025
- Business
- Business Standard
Mahanagar Gas shares gain 3% after Q4 results; check details here
Mahanagar Gas share price today: Shares of natural gas distribution company Mahanagar Gas (MGL) rose over 3 per cent to hit an intraday high of ₹1423.40 on Wednesday after the company's March 2025 quarter (Q4 FY25) came in line with the market expectations. At 2:00 PM on Monday, Mahanagar's stock was quoting at ₹1,404.90, up 2.03 per cent on the National Stock Exchange (NSE). In comparison, the benchmark Nifty50 index was trading at 24,368.65, down 10.95 points or 0.04 per cent. The stock is 30 per cent down from its 52-week high of ₹1,423.40, which it touched on September 25, 2025. The natural gas distribution company's total market capitalisation stood at ₹13,877.29 crore. On a year-to-date basis, the stock has surged around 10 per cent compared to a 2.84 per cent increase in the Nifty50 index. Mahanagar Gas Q4 FY25 result update Mahanagar Gas reported revenue from operations of ₹2,039 crore, up 18 per cent from ₹1,719 crore in the year-ago period. The company reported a profit after tax (PAT) of ₹252.19 crore, down 4.8 per cent from ₹264.99 crore in the year-ago quarter. Its total expenses increased 24.2 per cent to ₹1,746.33 crore against ₹1,406.62 crore in the corresponding quarter of the previous fiscal. The board of MGL has reported a final dividend of ₹18 per share at a face value of ₹10 each for FY25. For the full FY25, MGL's PAT decreased 19.94 per cent to ₹1,044.89 crore as against ₹1,289.07 in the previous year. Annual revenue from operations rose 10.6 per cent to ₹7,589.99 crore from ₹6,861.95 crore in the year ended March 2024. About Mahanagar Gas Established in 2005, Mahanagar Gas is a natural gas distribution company, mainly focused on distributing Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the Mumbai Metropolitan Region (MMR) and nearby areas such has Thane, Raigad, Mira-Bhayander and Navi Mumbai in Maharashtra. It is a joint venture between the Gas Authority of India (GAIL), British Group UK and the Government of Maharashtra. It caters to both domestic and industrial customers.
Business Standard
07-05-2025
- Business
- Business Standard
Mahanagar Gas rises as Q4 PAT jumps 12% QoQ to Rs 252 crore; declares dividend of Rs 18/sh
Shares of Mahanagar Gas added 3.24% to Rs 1,417.70 due to impressive performance. On a standalone basis, Mahanagar Gass net profit rose 11.90% to Rs 252.19 crore in Q4 FY25 as against Rs 225.37 crore in Q3 FY25. Revenue from operations gained 5.70% to Rs 2,039 crore in Q4 FY25 over Q3 FY25. PBT rallied 21.87% to Rs 339.08 crore in Q4 FY25 over Q3 FY25. On a year-on-year basis, the company's standalone net profit declined 4.83% while revenue from operations advanced 18.61% in Q4 FY25. PBT tumbled 5.02% YoY. EBIDTA declined by 18.06% YoY to Rs 1,509.78 crore during the period under review. EBIDTA margin for Q4 FY25 was 21.81% as against 29.51% in Q4 FY24. Total sales volume for the March25 quarter was 1,479.09 SCM million, 11.97% YoY. For the period under review, CNG sales volume added up to 1,050.37 SCM million (up 10.78% YoY) and PNG sales aggregated to 202.20 SCM million (up 6.24% YoY). Meanwhile, the companys board has recommended a final dividend of Rs 18 per equity share for FY25, subject to shareholder approval. This is in addition to the Rs 12 interim dividend declared in January, taking the total dividend for FY25 to Rs 30 per share. Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles.
Business Standard
07-05-2025
- Business
- Business Standard
Mahanagar Gas consolidated net profit declines 5.20% in the March 2025 quarter
Sales rise 21.81% to Rs 1964.38 crore Net profit of Mahanagar Gas declined 5.20% to Rs 247.04 crore in the quarter ended March 2025 as against Rs 260.58 crore during the previous quarter ended March 2024. Sales rose 21.81% to Rs 1964.38 crore in the quarter ended March 2025 as against Rs 1612.61 crore during the previous quarter ended March 2024. For the full year,net profit declined 19.00% to Rs 1040.57 crore in the year ended March 2025 as against Rs 1284.69 crore during the previous year ended March 2024. Sales rose 15.48% to Rs 7263.80 crore in the year ended March 2025 as against Rs 6290.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1964.381612.61 22 7263.806290.10 15 OPM % 20.0624.50 - 21.6029.31 - PBDT 432.00433.57 0 1721.642005.47 -14 PBT 339.48352.33 -4 1369.591728.11 -21 NP 247.04260.58 -5 1040.571284.69 -19
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Business Standard
06-05-2025
- Business
- Business Standard
Mahanagar Gas Q4 results: Profit dips 4.8% on rising costs, higher volumes
Indian city gas distributor Mahanagar Gas posted a 4.8 per cent fall in quarterly profit on Tuesday, as expenses cut into steady growth in volumes. The state-backed natural gas distributor reported a profit after tax of 2.52 billion rupees ($29.9 million) for the quarter ended March 31, down from 2.65 billion a year earlier. Revenue from operations grew 18.6 per cent to 20.39 billion, while total expenses rose 24.2 per cent. KEY CONTEXT Indian city gas companies like Mahanagar Gas, Indraprastha Gas and Gujarat Gas have been facing earnings pressure for the last couple of quarters due to reduced supply of cheaper, government-regulated APM (Administered Price Mechanism) gas. This has forced them to buy more expensive gas from the open market, squeezing their profit margins. Mahanagar Gas, however, posted a 12.3 per cent rise in total sales volumes, driven primarily by strong growth in its compressed natural gas segment. Peer Indraprastha Gas reported a 9 per cent fall in its quarterly profit from a year ago, hurt by higher expenses.
Mint
06-05-2025
- Business
- Mint
Bank of Baroda, HPCL, Polycab, Mahanagar Gas among key companies to consider dividend today
Dividend Stocks: Bank of Baroda, HPCL, Polycab, Mahanagar Gas are among key companies that will be considering dividend today. The Bank of Baroda, Hindustan Petroleum Corporation, Polycab India, Mahanagar Gas share prices thereby will remain is focus due to expectation on dividend announcements Bank of Baroda to consider Dividend today - As per the Bank Of Baroda's intimation to the exchanges about the meeting of Board of Directors of the Company scheduled on 06/05/2025 ,the Bank had said that the Board meeting is to consider and approve the Yearly Audited Financial results of the Company for the period ended March 2024 and Dividend. Hindustan Petroleum Corporation Ltd to consider Final dividend today: HPCL had informed exchanges on 23 April about the meeting of the Board of Directors of the Company being scheduled on 06/05/2025 , to consider and approve Audited Financial Results of the Company for the Financial Year ended March 31, 2025 & Recommendation of Final Equity Dividend, if any, for the Financial Year 2024-2025 Mahanagar Gas Ltd to consider Final Dividend Today- MGL another public sector undertaking in city Gas distribution business has a Board Meeting scheduled today for Considering and approving the Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2025 And recommendation Of Final Dividend On Equity Shares Polycab India to consider Dividend today- Polycab India Ltd had informed exchanges on 14 April that the meeting of the Board of Directors of the Company is scheduled on 06/05/2025 to consider and approve the Audited Standalone and Consolidated Financial Results of the Company along with the audit reports for the quarter and year ended 31st March 2025 and to recommend dividend, if any, to the shareholders for the financial year 2024-25 Other prominent companies to consider dividend include Kajaria Ceramics Limited, Radico Khaitan Limited, Paradeep Phosphates Limited and Safari Industries (India) Limited Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 6 May 2025, 09:14 AM IST
