Mahanagar Gas jumped 4.19% to Rs 1,166.10 after the PSU company reported a 351% jump in net profit to Rs 204.08 crore on 135% rise in net sales to Rs 615.49 crore in Q1 FY22 over Q1 FY21.
On a sequential basis, the company’s net profit declined 4% while its net sales fell 14% in Q1 FY22 over Q4 FY21.
EBIDTA in Q1 FY22 stood at Rs 303.99 crore, falling 3.85% from Rs 316.16 crore posted in Q4 FY21. Meanwhile, the company EBITDA margin improved to 49.39% in Q1 FY22 from 44.05% in Q1 FY21.
