Mahanagar Gas Q2 Results: Profit Drops 40%, Margin Narrows

Mahanagar Gas Ltd. reported a 40% sequential dip in its net profit in the second quarter of the current financial year.

The company reported a consolidated bottom line of Rs 191 crore against Rs 318 crore in the previous quarter, according to an exchange filing on Wednesday.

• Revenue down 1.1% to Rs 2,050 crore versus Rs 2,083 crore.

• Ebitda down 32.5% to Rs 338 crore versus Rs 501 crore.

• Margin narrows to 16.5% versus 24%.

• Net profit down 40% to Rs 191 crore versus Rs 318 crore.

(This is a developing story)