MGL Mahanagar Gas Q3 FY25 results (Oct–Dec 2024) and concall
MGL delivered a strong operational performance in Q3 FY25, characterized by double-digit volume growth in its core CNG and Industrial segments. While margins faced some pressure due to APM allocation cuts in October/November, the partial reinstatement of APM gas in January 2025 and strategic price hikes have stabilized the outlook. Management is pivotally diversifying into the EV value chain through a lithium-ion cell manufacturing JV, while banking on favorable regulatory shifts in Mumbai to drive long-term CNG adoption.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 1,786 | 1,758 |
| EBITDA | 413 | 314 |
| Net profit | 287 | 225 |
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.
