Mahanagar Gas Limited. Q4 results show revenue fell from 1870.69 to 1805.45 crores, a 3.49% decrease in growth. EPS also rise from ₹17.42 to ₹27.21, up by 56.20%.
Let’s start with quarter and quarter bases first:
Mahanagar Gas Company shared its Q4 results on Monday. They earned 1805.45 crores in revenue this quarter, but that’s less than the 1870.69 crores they made last quarter. Unfortunately, the company’s growth decreased by 3.49 percent when comparing the two quarters.
In terms of profits, Mahanagar Gas Company’s PAT (Profit After Tax) for this quarter was 268.81 crores, down from 172.07 crores in the previous quarter. Their quarter-to-quarter growth increased by 56.22 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹27.21, which is an increase of 56.20% from the ₹17.42 EPS in the previous quarter.
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Now let’s discuss the results on a year-on-year basis:
The company made a total revenue of 7032.84 crores this year (2023), which is 77.12 percent lower than last year’s total revenue of 3970.64 crores.
This year’s PAT (Profit After Tax) is 790.05 crores, which is also 32.35% lower than last year’s PAT of 596.95 crores.
The EPS (Earnings Per Share) for this year is ₹79.98, which is 32.35% less than the EPS of ₹60.43 earned last year.
The company earns the most revenue from its retail and telecom segments, which are its two major revenue sources.
Mahanagar Gas Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹16 per Equity Share of Face Value of ₹10 each of the Company (160% of Face Value). Total Dividend for FY23 stood at ₹15.50 per Equity Share (Interim Dividend of ₹10 per Equity Share)
| Dividend | Record Date |
| ₹16 per Equity Share | Coming Soon |
Dividend’s record date has not yet come
About Mahanagar Gas:
Incorporated on May 8, 1995, Mahanagar Gas Limited is a natural gas distribution company operating in India. MGL is a joint venture between GAIL Limited and the Government of Maharashtra.
Download Full PDF Q4 Results Mahanagar Gas: Click Here
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