Shares of Mahanagar Gas Ltd. are trading with gains of as much as 3% after the company reported its results for the April-June quarter on Tuesday, July 22.
Net profit rose by 29% from the last quarter to ₹324.3 crore. A CNBC-TV18 poll was expecting a 6% profit increase to ₹268 crore.
The company reported revenue of ₹1,976 crore, which was 6% higher from the previous quarter’s ₹1,864 crore. A CNBC-TV18 poll predicted the figure at ₹1,893 crore.
Mahanagar Gas’ Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 28.4% from the fourth quarter to ₹485.4 crore, while a CNBC-TV18 poll was working with a ₹401 crore figure.
EBITDA margins for the quarter saw a 440 basis points expansion from last quarter to 24.6%, which was higher than the CNBC-TV18 estimate of 21.1%.
Mahanagar Gas shares are now trading flat at ₹1,515.70. The stock has risen 18% so far in 2025.
