Mahanagar Gas Q4 Results: Beats estimates across the board; declares ₹18 final dividend

Mahanagar Gas Ltd (MGL) posted a better-than-expected set of numbers for the March quarter, with all key financial metrics—net profit, revenue, and EBITDA—beating CNBC-TV18’s poll estimates.

Net profit rose 11.9% sequentially to ₹252.2 crore, against ₹225 crore in Q3. This was sharply ahead of the CNBC-TV18 poll estimate of ₹211 crore.

Revenue from operations stood at ₹1,865 crore, up 6.1% quarter-on-quarter, compared to ₹1,758 crore in the previous quarter and ahead of the estimated ₹1,784 crore.
EBITDA grew 20.5% sequentially to ₹378.4 crore from ₹314 crore in Q3, also beating the poll estimate of ₹321 crore.

Operating margin improved significantly to 20.3% from 17.9% in the previous quarter, and was better than the 18% forecast by analysts.

Also Read: KEI Industries Q4 Results: Net profit jumps 34%, revenue up 25%; margin narrows

The board has recommended a final dividend of ₹18 per equity share (face value ₹10) for FY25, subject to shareholder approval. This is in addition to the ₹12 interim dividend declared in January, taking the total dividend for FY25 to ₹30 per share.

Ahead of the earnings announcement, MGL shares closed 1.94% lower at ₹1,377.65 on the BSE.