1302.7000 1.40 (0.11%)
NSE Sep 12, 2025 15:31 PM
Volume: 161.9K
 

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Mahanagar Gas Ltd.
17 Feb 2021
1302.70
0.11%
Geojit BNP Paribas
Q3FY21 revenue fell 11.2% YoY to Rs. 727cr (+32.5% QoQ) owing to drop in volumes by 9.2% YoY to ~254.9 Standard Cubic Meter (SCMmn). Blended volume stood at 2.77MMSCMD as demand for CNG strengthened post lockdown to 1.88MMSCMD - 62% of total volume (vs. 1.28MMSCMD in Q2FY21) while PNG volume stood at ~0.51MMSCMD in Q3FY21. MGL witnessed significant volume recovery trend with an increase of 33.6% in overall sales volume vs. Q2FY21. CNG and PNG Industry/ Commercial volumes down 15.3% /9.0% YoY, respectively, with commercial activities not resuming full-fledged whereas Domestic PNG rose 23.5% YoY with increasing *over or under performance to benchmark index...
Mahanagar Gas Ltd. has an average target of 1562.50 from 6 brokers.
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