Mahanagar Gas Ltd's Q3FY25 Quarter Results
- 29 Jan 2025
Result Summary
- Mahanagar Gas Ltd reported a 3.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16.9%.
- Its expenses for the quarter were up by 10.7% QoQ and 35.8% YoY.
- The net profit decreased 22.0% QoQ and decreased 30.3% YoY.
- The earnings per share (EPS) of Mahanagar Gas Ltd stood at 22.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1889.40 | 1833.18 | 1616.83 | 3.1% | 16.9% |
Total Expenses | 1617.18 | 1461.20 | 1191.08 | 10.7% | 35.8% |
Profit Before Tax | 272.22 | 371.98 | 425.75 | -26.8% | -36.1% |
Tax | 51.05 | 88.48 | 108.57 | -42.3% | -53.0% |
Profit After Tax | 221.17 | 283.50 | 317.18 | -22.0% | -30.3% |
Earnings Per Share | 22.40 | 28.70 | 32.10 | -22.0% | -30.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mahanagar Gas Ltd is a prominent company in the energy sector, primarily engaged in the distribution of natural gas in India. The company is known for supplying CNG (Compressed Natural Gas) to the automotive sector and piped natural gas to domestic, commercial, and industrial users. Mahanagar Gas Ltd operates in a highly regulated industry, focusing on urban and semi-urban areas, contributing to cleaner and more sustainable energy solutions. While specific recent developments regarding the company are not provided, it is understood that the natural gas sector in India is subject to policy and market dynamics that can significantly impact business operations.
Revenue
The total income for Mahanagar Gas Ltd in the third quarter of the fiscal year 2025 (Q3FY25) stood at ₹1,889.40 crores. This reflects a sequential increase of 3.1% from the previous quarter (Q2FY25), where total income was ₹1,833.18 crores. On a year-over-year basis, there was a notable growth of 16.9% compared to the third quarter of the fiscal year 2024 (Q3FY24), which recorded a total income of ₹1,616.83 crores. These figures indicate the company's ability to grow its revenue over the past year and maintain a positive upward trend into the current fiscal period.
Profitability
Profitability for Mahanagar Gas Ltd in Q3FY25 experienced a decline compared to both the previous quarter and the same quarter in the previous year. The company recorded a profit before tax (PBT) of ₹272.22 crores, which is a 26.8% decrease compared to the previous quarter's PBT of ₹371.98 crores. When compared to Q3FY24, there was a 36.1% decline from a PBT of ₹425.75 crores. The profit after tax (PAT) for Q3FY25 was ₹221.17 crores, showing a 22.0% decrease from Q2FY25 (₹283.50 crores) and a 30.3% decrease from Q3FY24 (₹317.18 crores). The earnings per share (EPS) also followed this trend, falling to ₹22.40 in Q3FY25 from ₹28.70 in Q2FY25 and ₹32.10 in Q3FY24, reflecting the changes in net profitability.
Operating Metrics
The total expenses for Mahanagar Gas Ltd in Q3FY25 amounted to ₹1,617.18 crores, which indicates an increase of 10.7% from Q2FY25, where expenses were ₹1,461.20 crores. Comparing year-over-year, total expenses rose by 35.8% from Q3FY24, which recorded expenses of ₹1,191.08 crores. The tax expense for Q3FY25 was ₹51.05 crores, a decrease of 42.3% from Q2FY25 and a 53.0% reduction from Q3FY24. These metrics highlight the company's operational cost dynamics and tax liabilities over the recent periods.
