February 22, 2024

The corporate’s income from operations got here in at Rs 1,723.77 crore

Mahanagar Fuel Ltd (MGL) on January 23 reported a consolidated internet revenue of Rs 317.18 crore within the December 2023 quarter, which is 84 % larger as towards Rs 172.07 crore recorded within the year-ago interval amid decrease fuel prices.

The corporate’s internet revenue slumped marginally on sequential foundation, because it stood at Rs 338.50 crore within the previous quarter.

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Through the quarter below overview, the corporate’s income from operations got here in at Rs 1,723.77 crore, a decline from Rs 1,838.44 crore recorded final yr.

Its earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) got here in at Rs 496.76 crore throughout the third quarter, which is 72.27 % up from Rs 288.35 crore recorded a yr again.

The corporate’s whole quantity stood at 3.671 mmscmd (million metric commonplace cubic metres per day), reporting a development of two.69 % in comparison with the earlier quarter.

CNG volumes confirmed 1.92 % development quarter-on-quarter at 242.17 million scm whereas PNG (home) and PNG (industrial/ industrial) witnessed 7.97 % enhance and 1.52 % enhance respectively in volumes on quarterly foundation.

Shares of MGL settled at Rs 1,313.25 apiece on the BSE, which was 0.04 % decrease than the day before today’s shut.