1237.7000 -25.90 (-2.05%)
NSE Sep 26, 2025 15:31 PM
Volume: 200.9K
 

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Mahanagar Gas Ltd.
10 Aug 2020
1237.70
-2.05%
Motilal Oswal
10 August 2020 CNG volumes were down 78% YoY to 0.48mmscmd. PNG domestic was higher by 7% YoY to 0.43mmscmd. PNG I/C was down 49% YoY to 0.20mmscmd. At the end of 1QFY21, the company had ~256 CNG stations (~184 belong to OMCs). Raigad had ~14 CNG stations, and the minimum work program (MWP) is fulfilled at Raigad. Opex increased ~44% YoY to INR5.8/scm (+15% QoQ). Thus, EBITDA was 5% higher than est. at INR0.8b (-71% YoY; -67% QoQ). Reported PAT stood at INR0.45b (-73% YoY, but +9% vs.
Mahanagar Gas Ltd. is trading below all available SMAs
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