MGL Mahanagar Gas Q2 FY25 results (Jul–Sep 2024) and concall
MGL delivered strong volume growth of 13% YoY, driven by aggressive marketing schemes and industrial conversions, despite facing a sharp reduction in low-cost APM gas allocation. Management is pivoting towards diversification, announcing a significant entry into the EV battery space to de-risk from fossil fuels. While margins face pressure from higher gas sourcing costs, the company maintains its ₹10-12/SCM EBITDA guidance by leveraging operational efficiencies and its position as the lowest-cost provider.
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 1,786 |
| EBITDA | 413 |
| Net profit | 287 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
