Mahanagar Gas Posts ₹252.2 Crore Profit in Q4 Result

7 May 2025 , 10:56 AM

Mahanagar Gas Ltd (MGL) ended the March quarter on a high note. The company’s net profit for the quarter was ₹252.2 crore, which rose by a strong 11.9% from ₹225 crore in the previous quarter.

Operational revenue too grew steadily to ₹1,865 crore, 6.1% above ₹1,758 crore in Q3. Operational performance too was in the spotlight. EBITDA (earnings before interest, tax, depreciation and amortisation) rose 20.5% to ₹378.4 crore, up from ₹314 crore in the last quarter. MGL was also successful in expanding its operating margin, moving to 20.3% from 17.9%.

As a token of appreciation to its shareholders, the company’s board has proposed a final dividend of ₹18 per share for the financial year 2023-24. When combined with the ₹12 interim dividend already announced in January, the total payout for the year stands at ₹30 per share.

Steady input costs, strong natural gas demand, and efficient operations in Q4 for the firm reflect the brightening future of India’s city gas distributors. With growth in all major financial lines on a consistent basis, MGL is continuing to dominate among India’s top city gas distributors.

In the National Stock Exchange, shares of Mahanagar Gas Ltd is currently trading at ₹1410 which is a 2.75% gain than the previous close. The stock has gained a total of 5.76% gain in the last one year, and 8.39%.