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News Details

( As on 06/08/2022 17:20)

Mahanagar Gas Q1 net profit down 9.25% at Rs 185.20 cr

The company reported standalone net profit of Rs 185.20 crore for the quarter ended June 30, 2022 as compared to Rs 204.08 crore in the same period last year, registering a year-on-year decline of 9.25 per cent.

Net revenue of the company rose triple digit by 138.91 per cent at Rs 1,593.18 crore in April-June quarter of this fiscal as against Rs 666.85 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 260.37 per cent to Rs 1,307.63 crore from Rs 362.86 crore in year ago period.

Other Income grew by 7.47 per cent at Rs 20.01 crore versus (Jun'21 Rs 18.62 crore).

Operating Profit slipped by 6.07 per cent to Rs 285.55 crore as against Rs 303.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.69 per cent in June quarter.

Interest grew by 34.71 per cent y-o-y to Rs 2.29 crore, while Taxation decreased by 10.02 per cent at Rs 64.39 crore (Jun'21 Rs 71.56 crore).