Mahanagar Gas Q1 net profit zooms 351.01% at Rs 204.08 cr
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The company reported standalone net profit of Rs 204.08 crore for the quarter ended June 30, 2021 as compared to Rs 45.25 crore in the same period last year, registering a year-on-year growth of 351.01 per cent. Net revenue of the company rose triple digit by 140.33 per cent at Rs 666.85 crore in April-June quarter of this fiscal as against Rs 277.47 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 83.75 per cent to Rs 362.86 crore from Rs 197.48 crore in year ago period. Other Income dipped by 24.06 per cent at Rs 18.62 crore versus (Jun'20 Rs 24.52 crore). Operating Profit surged by 280.04 per cent to Rs 303.99 crore as against Rs 79.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 58.13 per cent in June quarter. Interest grew by 11.11 per cent y-o-y to Rs 1.70 crore, while Taxation increased by 362.57 per cent at Rs 71.56 crore (Jun'20 Rs 15.47 crore)
