Mahanagar Gas Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2025.
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Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Revenue from operations grew ~10.6% year-on-year to Rs. 7,589.99 Crore, with total gas volumes up ~12% to 1,479 million SCM, driven by strong growth in CNG (+10.8%) and PNG (+15%). However, profit after tax fell ~19% to Rs. 1,044.89 Crore and EBITDA declined ~18% to Rs. 1,509.78 Crore, with EBITDA margin compressing sharply from 29.5% to 21.8% on higher input costs. On a sequential basis, Q4 FY25 showed recovery with PAT up 11.9% and EBITDA up 20.3% versus Q3. The Board recommended a final dividend of Rs. 18 per share, taking total FY25 dividend to Rs. 30 per share (Rs. 12 interim + Rs. 18 final), implying a final payout of about Rs. 177.80 Crore. Auditor Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on the results.
Mixed for shareholders: full-year profits dropped nearly a fifth on margin compression despite healthy volume growth, which may weigh on sentiment. However, the strong Q4 sequential recovery, a clean audit report, and a robust Rs. 30 total dividend (similar to last year) offer comfort. Watch items include an ongoing Rs. 331.80 Crore GAIL transportation tariff dispute and a fresh Rs. 54.33 Crore GST demand, both under appeal.