Q1 2025 Mahanagar Gas Ltd Earnings Call Transcript
Key Points
- Mahanagar Gas Ltd (BOM:539957) connected 35,500 domestic households this quarter, bringing the total to nearly 2.53 million households.
- The company laid 85.51 kilometers of steel and PE pipeline, increasing the total length to over 7,054 kilometers.
- Two new CNG stations were added, bringing the total to 348 stations as of June 30, 2024.
- 104 industrial and commercial customers were added this quarter, totaling 4,800 customers.
- Overall average gas sales increased by 13.1% year-over-year, from 3.1412 mmscmd to 3.858 mmscmd.
- Sales volume for industrial and commercial segments decreased marginally by 2.13% from the previous quarter.
- Domestic PNG sales volume decreased by 2.8% from the previous quarter.
- The APM allocation for the priority sector decreased from 73-74% in the previous quarter to 69% this quarter.
- There is potential pressure on margins due to a price reduction in July.
- The company faces uncertainties regarding the future of APM gas allocation and its impact on gas costs.
Ladies and gentlemen good day and welcome to Mahanagar Gas Limited Q1FY2025 earnings conference call, hosted by PhillipCapital India Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Nitin Tiwari from PhillipCapital India Private Limited. Thank you, and over to you, sir.
Thank you, Ria. Good evening, ladies and gentlemen. On behalf of PhillipCapital India Limited, I welcome everyone to first-quarter FY25 earnings call of Mahanagar Gas Limited. We have the pleasure of having with us today the senior management team from MGL represented by Mr. Ashu Shinghal, Managing Director; Mr. Sanjay Shende, Deputy Managing Director; Mr. Rajesh Patel, Chief Financial Officer; and Mr. Rajesh Wagle, Senior Vice President Marketing.
Before we begin, I would like to mention that some of the statements made in today's discussion may be forward-looking in the nature, and we believe that expectations contained in these statements
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