Q4 2024 Mahanagar Gas Ltd Earnings Call Transcript
Key Points
- Mahanagar Gas Ltd (BOM:539957) commissioned 36 new CNG stations and upgraded 45 existing ones, marking the highest number achieved in the company's history.
- The company provided 320,125 new domestic PNG connections, with a total of 330,000 connections including its subsidiary Unison Enviro.
- Mahanagar Gas Ltd completed the acquisition of 100% stake in Unison Enviro Private Limited, making it a wholly-owned subsidiary.
- The company achieved the highest volume of sales at 3.609 MMSCMD, a 5.45% increase from the previous year.
- EBITDA for the financial year increased by 56% to INR1,843 crore, and net PAT increased by 63% to INR1,289 crore.
- Operating expenditure saw a significant increase, with other OpEx rising sharply and OpEx per SCM reaching the highest level in the last six quarters.
- The company spent over INR25 crore on marketing schemes for CNG vehicles, which is a one-time expenditure.
- Net PAT for the quarter decreased to INR265 crore from the previous quarter's INR317 crore.
- There was a muted quarter-on-quarter growth in CNG volume, with only a 1% increase.
- The company faces challenges in managing the growth and fluctuations in sales volume, foreign exchange, and costs.
Ladies and gentlemen, good day, and welcome to the Q4 FY24 results conference call of Mahindra Gas Limited hosted by Emkay Global Financial Services. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sabri Hazarika from Emkay Global Financial Services. Thank you, and over to you sir.
Yeah, good afternoon. On behalf of Emkay Global, I'd like to welcome you onto the Q4 FY24 post-earnings conference call of Mahanagar Gas Limited. We are pleased to have the top management from the company, led by Mr. Ashu Shinghal, Managing Director; Mr. Sanjay Shende, Deputy Managing Director; Mr. Rajesh Patel, our Chief Financial Officer and Mr. Rajesh Wagle, Senior Vice President Marketing.
Before we start, I'd just like to read the disclaimer on behalf of the company, and I would like to mention that some of the statements made in today's discussion may be forward looking in nature, and we believe that expectations contained in the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
