Mahanagar Gas Ltd

Mahanagar Gas Ltd is up for a third straight session today. The stock is quoting at Rs 1389.6, up 4.51% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.43% on the day, quoting at 25109.55. The Sensex is at 82487.47, up 0.36%. Mahanagar Gas Ltd has slipped around 1.39% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has slipped around 4.56% in last one month and is currently quoting at 35924.05, up 1.1% on the day. The volume in the stock stood at 17.83 lakh shares today, compared to the daily average of 5.04 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1396.3, up 4.6% on the day. Mahanagar Gas Ltd is down 1.6% in last one year as compared to a 7.96% spurt in NIFTY and a 10.35% spurt in the Nifty Energy index.The PE of the stock is 12.57 based on TTM earnings ending March 25.Powered by Capital Market - Live

Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 6 May 2025, inter alia, have recommended the final dividend of Rs 18 per equity Share (i.e. 180%) , subject to the approval of the shareholders.Powered by Capital Market - Live

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. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1964.381612.61 22 7263.806290.10 15 OPM %20.0624.50 -21.6029.31 - PBDT432.00433.57 0 1721.642005.47 -14 PBT339.48352.33 -4 1369.591728.11 -21 NP247.04260.58 -5 1040.571284.69 -19 Powered by Capital Market - Live

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 6 May 2025.Powered by Capital Market - Live

The development has raised concerns over the company's near-term profitability. In a regulatory filing, MGL informed the exchanges that its allocation of APM natural gas ' used primarily for the supply of piped natural gas (PNG) to households and compressed natural gas (CNG) for transport ' has been reduced by approximately 18% from 16 April 2025, compared to the previous fortnight's allocation. This reallocation comes in line with policy guidelines issued by the Ministry of Petroleum and Natural Gas on 10 August 2022. The policy prioritizes APM gas supply for the city gas distribution (CGD) sector, routed through GAIL (India), based on availability. Due to supply constraints, MGL's shortfall in APM gas is being substituted with costlier New Well/Well Intervention Gas (NWG). This will have an adverse impact on the profitability, MGL said in the filing, while adding that it is in the process of exploring all measures to mitigate the impact. MGL is one of India's leading city gas distribution company providing Compressed Natural Gas (CNG) for mobility and Piped Natural Gas (PNG) to residential, commercial, and industrial customers, serving Mumbai, Urban thane, and Raigad district of Maharashtra. The company reported 30.25% fall in consolidated net profit to Rs 221.24 crore on a 17.76% increase in net sales to Rs 1,847.41 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

Mahanagar Gas has completed investment in 43,71,065 no. of equity shares of International Battery Company India (IBC India) on 03 February 2025 and consequently, the Company holds 44% of the paid-up equity share capital along with voting rights of IBC India. IBC India was incorporated to carry on the business of undertaking manufacturing, promotion, marketing, distribution, sale and export of the battery cells. Upon the investment, IBC India has become an associate of the Company. Powered by Capital Market - Live

EBIDTA declined by 29.9% YoY to Rs 314.42 crore during the period under review. EBIDTA margin for Q3 FY25 was 17.89% as against 28.60% in Q3 FY24. Total sales volume for the December'24 quarter was 378.69 SCM million, 12.1% YoY. For the period under review, CNG sales volume added up to 268.56 SCM million (up 10.9% YoY) and PNG sales aggregated to 110.13 SCM million (up 15.3% YoY). 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 company reported 16.5% fall in standalone net profit to Rs 282.8 crore despite a 9% rise in net revenue from operations to Rs 1,711.62 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.03% to currently trade at Rs 1277.40 on the BSE. Powered by Capital Market - Live

Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 28 January 2025, inter alia, have recommended the interim dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Mahanagar Gas declined 30.25% to Rs 221.24 crore in the quarter ended December 2024 as against Rs 317.18 crore during the previous quarter ended December 2023. Sales rose 17.76% to Rs 1847.41 crore in the quarter ended December 2024 as against Rs 1568.76 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1847.411568.76 18 OPM %17.5828.60 - PBDT363.29494.04 -26 PBT272.22425.75 -36 NP221.24317.18 -30 Powered by Capital Market - Live

Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live