{"id":575754,"date":"2023-05-10T09:39:55","date_gmt":"2023-05-10T04:09:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=575754"},"modified":"2023-05-10T10:07:42","modified_gmt":"2023-05-10T04:37:42","slug":"mahanagar-gas-hits-52-week-high-soars-7-on-margin-improvement-in-q4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahanagar-gas-hits-52-week-high-soars-7-on-margin-improvement-in-q4\/","title":{"rendered":"Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4"},"content":{"rendered":"<p>Shares of Mahangar Gas (MGL) hit a 52-week high of Rs 1,072.35, soaring 7 per cent on the BSE in Tuesday\u2019s intra-day trade after operating profit of the company improved sequentially in March quarter (Q4FY23) due to decline in procurement costs. <\/p>\n<p>The company\u2019s EBITDA\/scm came in above estimates at Rs 12.8 due to lower-than-estimated gas cost. Motilal Oswal Financial Services had expected EBITDA\/scm at Rs 8.2. <\/p>\n<p>MGL posted a 104 per cent year-on-year (YoY) and 56 per cent quarter-on-quarter (QoQ) jump in its profit after tax (PAT) at Rs 268.81 crore from Rs 131.80 crore in corresponding quarter last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Mahangar Gas (MGL) hit a 52-week high of Rs 1,072.35, soaring 7 per cent on the BSE in Tuesday\u2019s intra-day trade after operating profit of the company improved sequentially in March quarter (Q4FY23) due to decline in procurement costs. The company\u2019s EBITDA\/scm came in above estimates at Rs 12.8 due to lower-than-estimated gas cost. Motilal Oswal Financial Services had expected EBITDA\/scm at Rs 8.2. MGL posted a 104 per cent year-on-year (YoY) and 56 per cent quarter-on-quarter (QoQ) jump in its profit after tax (PAT) at Rs 268.81 crore from Rs 131.80 crore in corresponding quarter last year.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-575754","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575754","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=575754"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/575754\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=575754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=575754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=575754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}