The Board at its meeting held on May 06, 2025, recommended a final dividend of Rs. 18/- per share for the financial year 2024-25 on equity share of Rs. 10/- each, subject to approval of shareholders
Awaiting price reaction for this filing.
Mahanagar Gas Limited's Board, at its May 6, 2025 meeting, approved audited financial results for FY 2024-25 and recommended a final dividend of Rs. 18 per equity share (face value Rs. 10 each), subject to shareholder approval. This is in addition to the Rs. 12 interim dividend already paid in January 2025, taking total FY25 dividend to Rs. 30 per share. The final dividend payout would result in a cash outflow of approximately Rs. 177.80 crore. For the full year, revenue from operations grew 10.6% to Rs. 7,589.99 crore, but profit after tax fell 18.9% to Rs. 1,044.89 crore, with EBITDA margin compressing to 21.81% from 29.51%. EPS stood at Rs. 105.78 versus Rs. 130.50 last year. Deloitte Haskins & Sells LLP issued an unmodified audit opinion.
Shareholders will receive a strong combined dividend of Rs. 30 per share for FY25, but the underlying earnings decline and margin compression may temper investor enthusiasm. The lower PAT despite higher revenue suggests cost pressures, which could weigh on the stock in the near term despite the healthy dividend payout.