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Published on 11/06/2020 10:32:42 AM | Source: Dion Global Solutions Ltd

Mahanagar Gas Q4 net profit up 24.82% at Rs 166.59 cr

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The company reported standalone net profit of Rs 166.59 crore for the quarter ended March 31, 2020 as compared to Rs 133.46 crore in the same period last year, registering a year-on-year growth of 24.82 per cent.

Net revenue of the company rose marginally by 4.17 per cent at Rs 752.67 crore in January-March quarter of this fiscal as against Rs 722.54 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.05 per cent to Rs 508.84 crore from Rs 508.59 crore in year ago period.

Other Income grew by 13.13 per cent at Rs 26.96 crore versus (Mar'19 Rs 23.83 crore). Operating Profit surged by 13.97 per cent to Rs 243.83 crore as against Rs 213.95 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.42 per cent in March quarter. Interest grew by 4060.00 per cent y-o-y to Rs 2.08 crore, while Taxation decreased by 18.59 per cent at Rs 58.13 crore (Mar'19 Rs 71.40 crore).