Latest news with #MahanagarGas
Business Standard
7 days ago
- Business
- Business Standard
Mahanagar Gas Q1 PAT rises 14% YoY to Rs 324 Crore
Mahanagar Gas has reported 13.98% jump in standalone net profit to Rs 324.32 crore in Q1 FY26 as against Rs 284.53 crore posted in Q1 FY25. Revenue from operations (excluding excise duty) surged by 24.30% YoY to Rs 1,975.92 crore for the quarter ended 30 June 2025. On a quarter-on-quarter (QoQ) basis, the companys standalone net profit surged 28.60%, while revenue from operations increased by 5.95% in Q1 FY26. Profit before tax (PBT) stood at Rs 437.77 crore in the June FY26 quarter, up 14.09% from Rs 383.69 crore recorded in the same period a year ago. EBITDA increased by 15.98% YoY to Rs 485.36 crore during the period under review. The EBITDA margin for Q1 FY26 stood at 24.56%, compared to 26.33% in Q1 FY25. Total sales volume for the June 2025 quarter was 384.86 million standard cubic meters (SCM), up 9.61% YoY. During the same period, CNG sales volume reached 271.31 million SCM, reflecting a growth of 7.54% YoY, while PNG sales aggregated to 113.55 million SCM, up 14.89% 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 scrip declined 1.87% to Rs 1484.95 on the BSE.
Business Standard
7 days ago
- Business
- Business Standard
Mahanagar Gas consolidated net profit rises 10.08% in the June 2025 quarter
Sales rise 25.05% to Rs 2083.01 croreNet profit of Mahanagar Gas rose 10.08% to Rs 317.89 crore in the quarter ended June 2025 as against Rs 288.78 crore during the previous quarter ended June 2024. Sales rose 25.05% to Rs 2083.01 crore in the quarter ended June 2025 as against Rs 1665.76 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 25 OPM %24.0026.22 -PBDT527.48469.20 12 PBT431.39385.91 12 NP317.89288.78 10 Powered by Capital Market - Live News
Mint
7 days ago
- Business
- Mint
Mahanagar Gas Ltd Q1 consolidated net profit rises 10% to ₹318 crore: Stock price rises 3%
Q1 Results: Mahanagar Gas reported a consolidated net profit of ₹ 317.89 attributed to the owners of the company, marking a 10% increase compared to ₹ 288.78 crore in the year-ago quarter. Stock price gained 3% During the quarter ending June 2025, Mahanagar Gas reported a 10% rise in consolidated net profit to ₹ 317.89 crore compared to ₹ 288.78 crore in the year-ago quarter. On a sequential basis, the net profit marked a sharper 30.04% increase compared to the ₹ 243.95 crore net profit reported during the March 2025 quarter. The consolidated revenue from operations reported by Mahanagar Gas stood at ₹ 2,282.07 crore, marking a 24.6% rise compared to ₹ 1,832.15 crore in the year-ago quarter. The Total sales volumes at the standalone level reported by Mahanagar Gas during the April-June 2025 quarter were 384.86 million standard cubic meters of gas, which grew 9.61% compared to 351.13 million SCM of gas during the year-ago quarter. The net revenues from operations at the standalone level, thereby at 1,970.64 crore, grew 24.39%. However, on a sequential basis, the net revenues from operations grew a slower 5.89%. This was because on a sequential basis, the sales volume was up around 2% only compared to 377.44 million SSM of gas in the previous quarter. The earnings before interest, tax, depreciation, and amortization, or EBITDA, as per Mahanagar Gas at ₹ 485.36 crore, grew around 16% year-on-year, though on a sequential basis the growth was sharper at 28.28%. The improvement in operating performance on sequential basis meant that standalone net profit at ₹ 324.32 grew sharper 28.6% compared to year-on-year rise of around 16% Mahanagar Gas share price opened at ₹ 1516.25 on the BSE on Tuesday, only slightly higher than the closing price of ₹ 1513.30 in the previous trading session; however, it gained more than 3% to intraday highs of ₹ 1562 post the announcement of results.
Times of Oman
19-06-2025
- Automotive
- Times of Oman
CNG demand in India may grow along with EV adoption, despite policy pressure: Report
New Delhi: Compressed Natural Gas (CNG) could continue to grow as an auto fuel in India, even as electric vehicle (EV) adoption gathers pace across key states, according to a recent report by Nomura. The report highlighted that state governments, especially Delhi and Mumbai, are expected to roll out aggressive EV policies to address the problem of rising air pollution. While this could put some pressure on the growth of CNG, analysts believe both fuel types could still co-exist in the coming years. It stated, "CNG as an auto fuel could grow alongside EVs.... EV policies by states to continue pressuring CNG growth." The report added that Delhi, which had already banned diesel vehicles older than 10 years nearly a decade ago, may now consider placing restrictions on CNG vehicles as a next step in its clean fuel transition. The state is seen to be intensifying its focus on cleaner mobility solutions to tackle worsening air quality. In contrast, Mumbai, being a coastal city, usually records better air quality index (AQI) levels. In the short term, the EV policy focus in Mumbai could shift more towards reducing the use of liquid fuels like petrol and diesel, rather than targeting CNG. The report noted that this could work as a policy tailwind for both CNG and EV adoption in Mumbai. Further, the report mentioned that the ongoing High Court-monitored committee on EV adoption in Maharashtra includes participation from Mahanagar Gas Limited (MGL), a key supplier of CNG in the region. During its recent investor day, MGL's management expressed confidence that CNG could benefit under the state's upcoming EV policy. The company sees potential in policies that promote a multi-fuel transition instead of focusing only on electric vehicles. The report also pointed out another key development that could benefit gas suppliers, the possible inclusion of natural gas under the Goods and Services Tax (GST) regime. Currently, natural gas is subject to a combination of state VAT, central excise duty, and central sales tax. Moving it under GST would simplify the tax structure by eliminating these cascading taxes and potentially lowering the overall tax burden for businesses.
Mint
18-06-2025
- Business
- Mint
Stock Picks: Sagar Doshi suggests Kaynes Technology, Mahanagar Gas, Hero MotoCorp shares to buy today
Stock market today: Indian stock markets commenced trading with a downward trend on Wednesday as geopolitical tensions between Israel and Iran extended into the sixth day, with concerns regarding potential US involvement heightening investor anxiety. The Nifty 50 began at 24,797.15, dipping by 65.05 points or 0.26%, while the BSE Sensex dropped 269 points to open at 81,313.9, reflecting a decline of 0.33%. Geopolitical strains intensified when US President Donald Trump demanded an "unconditional surrender" from the Iranian government, a demand that Iran has dismissed. Israel, reportedly achieving several of its military goals rapidly, is believed to have air superiority over Iran. Nonetheless, Iran's missile capabilities still present a significant threat, and the conflict is increasingly viewed as a test of resilience. Even with the loss of important military and nuclear figures, Iran's nuclear sites remain mostly untouched, and the nation is anticipated to continue its resistance. Sagar Doshi of Nuvama Professional Clients Group recommends three stocks - Kaynes Technology, Mahanagar Gas, Hero MotoCorp. Here's what he says about the overall market. Nifty 50 has again entered a consolidation zone after defending to break below its support of 24,650 in Friday's trading session. Index view continues to show signs of remaining within this range of 24,650 - 25,050. Unless a closing on either side of this range is not confirmed - Nifty 50 can remain rangebound post which a 500 pt directional trade opens up in the direction on breakout. Bank Nifty as well inched towards the higher end of its developed range between 55,400 - 56,200. This is in sync with Nifty as the index managed to hold its neck above the support of 55,400-55,500 in last week's closing. Breakout on either side is likely to push for a 1000 pt move. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Kaynes Technology, Mahanagar Gas, and Hero MotoCorp shares. Kaynes Technology share price is showing early signs of reversal from its 200 DMA support after a recent 20% correction witnessed in last one month. This support is also insync with a 50% retracement seen between rally of February lows to highs of May 2025. Charts suggest a 10-15% rally unfolding in short term. Seven month high closing has been witnessed on charts of Mahanagar Gas share price along with a breakout above its 200DMA. This is marking an end to a 6 month sideways trend observed on the stock for a quick breather rally northwards suggesting 6-8% higher targets. Having run up nearly 30% from its recent low in March – Hero MotoCorp share price is now on verge of breaking out from an inverse head and shoulder pattern formation for fresh upside retesting its December 2024 highs. A bullish flag breakout is about to commence for targets aimed 10% higher from CMP. 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 making any investment decisions.
