• With a market valuation of ₹8,395.62 Crore, Mahanagar Gas is a mid-sized company engaged in the energy industry.
With a market valuation of ₹8,395.62 Crore, Mahanagar Gas is a mid-sized company engaged in the energy industry. One of the top companies in India for natural gas distribution is Mahanagar Gas Limited (MGL). The company has today declared its third quarter earnings with an interim dividend of Rs. 10 per share for the financial year 2022-2023.
The company said in a stock exchange filing that its board of directors has approved an "interim dividend of Rs." 10/- per equity share of face value Rs. 10/- each (i.e. 100%) for the financial year 2022-2023 and Tuesday, February 14, 2023 has been fixed as the record date for the purpose of determining the eligibility of the shareholders for interim dividend. The interim dividend for the financial year 2022-2023 will be paid to all eligible shareholders within 30 days from the date of declaration."
Mahanagar Gas' net sales for the quarter ended December 2022 reached ₹1,838.44 crore, up 63.72% on a year-on-year basis. 1,122.89 crore in the quarter ending December 2021. The company posted a net profit of ₹172.07 Crore in Q3FY23 as compared to ₹56.79 Crore in Q3FY22, registering a growth of 203%. The EPS of Mahanagar Gas stood at Rs 17.42 in Q3FY23 as against Rs 5.75 in the year-ago quarter. EBITDA increased by 148.40% YoY from ₹103.1 Cr in Q3 FY22 to ₹256.1 Cr in Q3 FY23. Total volumes in Q3 FY23 reached 313.88 SCM million, while CNG volumes stood at 227.64 SCM million, and total PNG volumes stood at 86.24 SCM million during the quarter under review.
No comments:
Post a Comment