Mahanagar Gas reports 53.10% yoy growth in revenue at Rs1,144.72cr; stock plunges near 4%

9 Feb 2022 , 01:05 PM

Mahanagar Gas Ltd. reported a total income of Rs1,144.72 crore for Q3 FY’22 as against Rs 747.71 crore for Q3 FY’21, reporting growth of 53.10% yoy. Its total income for the 9M period ended December 2021 was reported at Rs 2,760.33 crore as against Rs 1,617.09 crore for the previous 9M period, reporting a growth of 70.70% yoy.

The company’s PAT stood at Rs 56.79 crore for December 2021 quarter, as against Rs 217.21 crore for the previous corresponding quarter, declining 74% yoy. Whilst its PAT for 9M increased by 14.33% yoy at Rs 465.14 crore for Q3 FY’22 as against Rs 406.81 crore for the same period last year.

The company’s PBT for the quarter ended December 2021 stood at Rs 75.18 crores as against Rs 291.27 crore for the corresponding quarter, shedding 74.20% yoy. PBT for the 9M ended December 2021 stood at Rs 625.86 crore as against Rs 547.03 crore for the corresponding 9M period, reflecting a gain of 14% yoy.

Company’s EPS narrowed in the quarter at Rs 20.68 against Rs 21.99 in the previous corresponding quarter.

Mahanagar Gas’ stock dived 3.48% or Rs 28.85 at Rs 800 against its previous closing price of Rs 828.85. It touched day’s high and low of Rs 812 and Rs 781.05 respectively, so far in today’s trade.