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Mahanagar Gas Ltd Q1FY24; 99% rise in Profits

Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.

Financial Results:

Mahanagar Gas Ltd reported Revenues for Q1FY24 of ₹1,538.00 Crores up from ₹1,455.00 Crore year on year, a rise of 5.7%.

Total Expenses for Q1FY24 of ₹1,082.00 Crores down from ₹1,225.00 Crores year on year, a fall of 11.67%.

Consolidated Net Profit of ₹368.00 Crores up 98.92% from ₹185.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹37.30, up 98.93% from ₹18.75 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Categories: AlphaGraphs Energy
Tags: Natural Gas
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