{"id":427964,"date":"2021-07-29T16:12:18","date_gmt":"2021-07-29T10:42:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427964"},"modified":"2021-07-29T16:12:18","modified_gmt":"2021-07-29T10:42:18","slug":"mahanagar-gas-first-quarter-net-profit-jumps-351-on-low-base","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahanagar-gas-first-quarter-net-profit-jumps-351-on-low-base\/","title":{"rendered":"Mahanagar Gas first quarter net profit jumps 351% on low base"},"content":{"rendered":"<p>Mahanagar Gas Ltd, the firm that retails CNG and piped cooking gas in Mumbai and other places, on Thursday reported a 351 per cent jump in its June quarter net profit as volumes recovered over a low base of last year.<\/p>\n<p>Net profit of Rs 204.08 crore, or Rs 20.66 per share, in April-June compared with Rs 45.25 crore, or Rs 4.58 a share, in the same period a year back, according to a stock exchange filing by the company.<\/p>\n<p>CNG sales volume recovered over last year when the country was under lockdown that impacted mobility but was lower than the preceding quarter.<\/p>\n<p>The company&#8217;s 141.11 million standard cubic meters CNG sales in April-June was 223 per cent higher than the previous year but 22.5 per cent lower than January-March.<\/p>\n<p>Piped natural gas supplies to households at 42.57 million standard cubic meters was 9.14 per cent higher year-on-year and 3.5 per cent over the previous quarter.<\/p>\n<p>Total gas sales at 2.398 million standard cubic metes per day in April-June was double of last year but 17 per cent lower than the previous quarter. Turnover was up 135 per cent at Rs 615.49 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahanagar Gas Ltd, the firm that retails CNG and piped cooking gas in Mumbai and other places, on Thursday reported a 351 per cent jump in its June quarter net profit as volumes recovered over a low base of last year. Net profit of Rs 204.08 crore, or Rs 20.66 per share, in April-June compared with Rs 45.25 crore, or Rs 4.58 a share, in the same period a year back, according to a stock exchange filing by the company. CNG sales volume recovered over last year when the country was under lockdown that impacted mobility but was lower than [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-427964","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427964","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=427964"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427964\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}