MGL · Oil Gas & Consumable Fuels
Mahanagar Gas Ltd. reported revenue of ₹1,569 cr for October to December 2023, — on the year and −0.1% on the quarter.
Operating profit (EBITDA) was ₹449 cr, a margin of 28.6%, — on the year and −187 bps on the quarter.
Net profit was ₹317 cr, — on the year and −6.2% on the quarter, with earnings per share of ₹32.11.
Refining and marketing profits swing with crude and product margins, and inventory gains or losses can move a single quarter sharply. The quarterly statements do not carry refining margins, throughput and inventory gains or losses; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,571 cr | ₹1,569 cr | ₹1,567 cr | ₹1,590 cr | ₹1,786 cr | ₹1,758 cr | ₹1,963 cr | ₹2,081 cr | ₹2,049 cr | ₹2,058 cr | ₹2,051 cr | ₹2,372 cr |
| YoY | — | — | — | +3% | +14% | +12% | +25% | +31% | +15% | +17% | +4% | +14% |
| EBITDA margin | 30.5% | 28.6% | 25.1% | 26.3% | 23.1% | 17.9% | 20.1% | 24.1% | 16.5% | 17.1% | 12.7% | 14.5% |
| Other income, % of PBT | 10% | 11% | 13% | 10% | 13% | 17% | 12% | 7% | 11% | 11% | 16% | 12% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 26% | 26% | 26% | 23% | 19% | 28% | 26% | 25% | 26% | 26% | 25% |
| Net profit | ₹338 cr | ₹317 cr | ₹265 cr | ₹285 cr | ₹287 cr | ₹225 cr | ₹242 cr | ₹320 cr | ₹193 cr | ₹202 cr | ₹132 cr | ₹194 cr |
| YoY | — | — | — | −23% | −15% | −29% | −9% | +12% | −33% | −10% | −45% | −39% |
| Core profit YoY | — | — | — | −25% | −20% | −39% | −5% | +16% | −30% | +5% | −50% | −43% |
| EPS | ₹34.27 | ₹32.11 | ₹26.83 | ₹28.81 | ₹29.03 | ₹22.82 | ₹24.53 | ₹32.35 | ₹19.58 | ₹20.45 | ₹13.36 | ₹19.61 |
| Flags | · | · | · | 1 | 1 | 1 | 1 | ✓ | 1 | ✓ | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Mahanagar Gas Ltd. reported revenue of ₹1,569 cr (— on the year) and net profit of ₹317 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.