Shares of Mahanagar Gas surged nearly 3% in early trade following the release of the company’s strong first-quarter results for FY25. The company’s consolidated revenue increased by 1.5% year-on-year to Rs 1,590 crore, up from Rs 1,567 crore in the same period last year. EBITDA also saw a rise of 6.3%, reaching Rs 418 crore compared to Rs 394 crore previously, with the EBITDA margin improving to 26.3% from 25.1%.
Net profit for the quarter grew by 7.4%, reaching Rs 285 crore compared to Rs 265 crore in the corresponding quarter of the previous year. This performance was driven by increased sales, which stood at INR 18,321.5 million, up from INR 16,901.8 million, and revenue of INR 18,678 million, up from INR 17,291.3 million a year ago.
However, net income slightly decreased to INR 2,887.8 million, down from INR 3,684 million a year earlier. Basic and diluted earnings per share from continuing operations also decreased to INR 29.23, compared to INR 37.3 in the previous year.
As of 10:50 AM, Mahanagar Gas shares were trading 2.48% higher at ₹1,795.85 on the NSE.
