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Mahanagar Gas: Strong Q2 show instils confidence

Good outlook on long-term sales and sound financials to help stock sustain its premium valuation

Sheetal Agarwal 

Fuel distributor Mahanagar Gas Limited (MGL)'s better-than-expected results for the September quarter (Q2) have further strengthened confidence in the company's growth story. For the quarter, the strong expansion in operating profit margin more than offset lower growth in sales volumes. As a result, the company posted a 41 per cent year-over-year increase in net profit to Rs 102 crore, ahead of Bloomberg consensus estimate of Rs 95 crore. Falling costs of natural gas (MGL's key input) along with savings on expenses, and the fact that the company did not fully pass on the cost ...

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Mahanagar Gas: Strong Q2 show instils confidence

Good outlook on long-term sales and sound financials to help stock sustain its premium valuation

Good outlook on long-term sales and sound financials to help stock sustain its premium valuation Fuel distributor Mahanagar Gas Limited (MGL)'s better-than-expected results for the September quarter (Q2) have further strengthened confidence in the company's growth story. For the quarter, the strong expansion in operating profit margin more than offset lower growth in sales volumes. As a result, the company posted a 41 per cent year-over-year increase in net profit to Rs 102 crore, ahead of Bloomberg consensus estimate of Rs 95 crore. Falling costs of natural gas (MGL's key input) along with savings on expenses, and the fact that the company did not fully pass on the cost ... image
Business Standard
177 22

Mahanagar Gas: Strong Q2 show instils confidence

Good outlook on long-term sales and sound financials to help stock sustain its premium valuation

Fuel distributor Mahanagar Gas Limited (MGL)'s better-than-expected results for the September quarter (Q2) have further strengthened confidence in the company's growth story. For the quarter, the strong expansion in operating profit margin more than offset lower growth in sales volumes. As a result, the company posted a 41 per cent year-over-year increase in net profit to Rs 102 crore, ahead of Bloomberg consensus estimate of Rs 95 crore. Falling costs of natural gas (MGL's key input) along with savings on expenses, and the fact that the company did not fully pass on the cost ...

image
Business Standard
177 22