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 Q2FY24 of ₹1,571.00 Crores up from ₹1,563.00 Crore year on year, a rise of 0.51%.
- Total Expenses for Q2FY24 of ₹1,160.00 Crores down from ₹1,367.00 Crores year on year, a fall of 15.14%.
- Consolidated Net Profit of ₹338.00 Crores up 106.1% from ₹164.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹34.27, up 106.45% from ₹16.60 in the same quarter of the previous year.