Mahanagar Gas Surpasses Q4 Expectations, Announces Dividend
Mahanagar Gas Limited reported impressive Q4 results, exceeding market estimates. Net profit rose to ₹2.50 billion, up 11.11% from the previous quarter and 18.48% above expectations. Revenue increased to ₹20.40 billion, showing 5.70% year-over-year growth and 14.35% above estimates. The company declared a dividend of ₹18.00 per equity share, demonstrating strong financial performance and shareholder value creation in the natural gas distribution sector.
06May 25
Mahanagar Gas Surpasses Expectations with Strong Q4 Results, Announces Dividend
Mahanagar Gas Limited (MGL) has exceeded analyst expectations in its Q4 FY2024-25 results. The company reported a net profit of ₹252.20 crore, up 11.90% quarter-on-quarter, and revenue of ₹1,865.00 crore. EBITDA grew by 20.50% to ₹378.40 crore, with an improved operating margin of 20.30%. MGL's board has recommended a final dividend of ₹18.00 per share, bringing the total dividend for the year to ₹30.00 per share.
04May 25
Mahanagar Gas Ltd Sets Date for Q4 and FY 2024-25 Results, Dividend Decision Pending
Mahanagar Gas Ltd (MGL) has announced May 6, 2025, as the date for releasing its Q4 and FY2024-25 financial results. The board will consider a final dividend declaration on the same day. An earnings call is scheduled for May 7, 2025. The company has also implemented a trading window closure for designated persons until 48 hours after the results announcement to prevent insider trading.
15Apr 25
Mahanagar Gas Faces Profitability Challenges as APM Gas Allocation Reduced by 18%
Mahanagar Gas Limited (MGL) has announced an 18% reduction in its Administered Pricing Mechanism (APM) gas allocation, effective April 16, 2023. The company is replacing the reduced volume with New Well Gas or Well Intervention gas, which is expected to adversely impact its profitability. This change aligns with the Ministry of Petroleum and Natural Gas's policy guideline issued in August 2022. MGL is exploring measures to mitigate the impact of this allocation change.
11Apr 25
Mahanagar Gas Limited Plans Shift to More Expensive Gas Supply
Mahanagar Gas Limited (MGL) is preparing to transition from its current Administered Pricing Mechanism (APM) gas supply to more expensive gas from new wells. This strategic move could impact MGL's cost structure, pricing strategy, and profit margins. While the new source may offer benefits in supply reliability or quality, it presents challenges in maintaining competitive rates for customers. The transition highlights the evolving dynamics of the natural gas market and the strategic decisions required for sustainable operations.
09Apr 25
Mahanagar Gas Ltd Hikes CNG and PNG Prices in Mumbai Metropolitan Region
Mahanagar Gas Limited (MGL) has increased CNG prices by ₹1.50 per kg to ₹79.50 per kg and PNG prices by ₹1 per unit to ₹49.00 per kg in the Mumbai Metropolitan Region. The price hike follows a 4% increase in APM gas prices by the government on April 1. MGL's stock price dropped 5.00% following the announcement.