{"id":385185,"date":"2020-11-20T10:56:27","date_gmt":"2020-11-20T05:26:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385185"},"modified":"2020-11-20T10:56:27","modified_gmt":"2020-11-20T05:26:27","slug":"mgls-q2-margins-look-good-but%e2%80%8a-volume%e2%80%8arecovery%e2%80%8a-holds%e2%80%8a-key","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mgls-q2-margins-look-good-but%e2%80%8a-volume%e2%80%8arecovery%e2%80%8a-holds%e2%80%8a-key\/","title":{"rendered":"MGL\u2019s Q2 margins look good, but\u200a volume\u200arecovery\u200a holds\u200a key"},"content":{"rendered":"<p>Mumbai-based city gas distributor Mahanagar Gas Ltd\u2019s (MGL) September quarter profit margins have been robust. Earnings before interest, tax, depreciation and amortization (Ebitda) per standard cubic meter stood at \u20b911.60.<\/p>\n<p>\u201cMGL reported an all-time high Ebitda margin, which surged 17% year-on-year as the company cut opex by 53% year-on-year and did not pass on the declining input prices,&#8221; wrote Edelweiss Securities Ltd analysts in 17 November report.<\/p>\n<p>Overall, MGL\u2019s September quarter Ebitda came in at \u20b9221 crore, down 19% year-on-year but a whopping 176% jump from Q1. Shares of the company have gained by nearly 5% since results were announced last week. Even so, the MGL stock is around 25% away from its pre-covid high seen in January. Investors are concerned about the impact of open access in the city gas distribution sector. But, that\u2019s not all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai-based city gas distributor Mahanagar Gas Ltd\u2019s (MGL) September quarter profit margins have been robust. Earnings before interest, tax, depreciation and amortization (Ebitda) per standard cubic meter stood at \u20b911.60. \u201cMGL reported an all-time high Ebitda margin, which surged 17% year-on-year as the company cut opex by 53% year-on-year and did not pass on the declining input prices,&#8221; wrote Edelweiss Securities Ltd analysts in 17 November report. Overall, MGL\u2019s September quarter Ebitda came in at \u20b9221 crore, down 19% year-on-year but a whopping 176% jump from Q1. Shares of the company have gained by nearly 5% since results were announced [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-385185","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385185"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385185\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}