Mahanagar Gas Limited (MGL) has reported its financial results for the second quarter of fiscal year 2025, showcasing strong revenue growth but a decline in net profit. The company’s revenue from operations increased by 14% year-on-year (YoY) to ₹1,962.87 crores in Q2 FY25, compared to ₹1,728.94 crores in the same quarter last year. However, net profit fell by 16% YoY to ₹283.50 crores, down from ₹338.50 crores in Q2 FY24.
Key Financial Highlights:
- Revenue from Operations: ₹1,962.87 crores, up 14% YoY from ₹1,728.94 crores in Q2 FY24.
- Net Profit: ₹283.50 crores, down 16% YoY from ₹338.50 crores in Q2 FY24.
Sales Volume Performance:
MGL’s overall sales volume increased by 5.90% in Q2 FY25, driven primarily by growth in the CNG and industrial segments. The detailed breakdown of the sales volume performance is as follows:
- CNG Sales: 265.47 SCM million in Q2 FY25, up 5.22% from 252.30 SCM million in Q1 FY25.
- PNG – Domestic: 48.60 SCM million in Q2 FY25, a slight decline of 2.45% compared to 49.82 SCM million in Q1 FY25.
- PNG – Industry/Commercial: 57.78 SCM million in Q2 FY25, a strong increase of 17.88% from 49.01 SCM million in the previous quarter.
- Total PNG Sales: 106.38 SCM million, up 7.64% from 98.83 SCM million in Q1 FY25.
- Total Sales Volumes: 371.85 SCM million, an increase of 5.90% from 351.13 SCM million in the previous quarter.
This rise in volumes highlights the growing demand for MGL’s services, particularly in the industrial and commercial sectors.
Conclusion:
Despite the decline in net profit, MGL has demonstrated robust revenue and sales volume growth in Q2 FY25. The company’s ability to increase sales volumes, especially in the CNG and industrial sectors, highlights its strong market position and operational efficiency.
