Q2 2025 Mahanagar Gas Ltd Earnings Call Transcript
Key Points
- Mahanagar Gas Ltd (BOM:539957) connected 58,845 domestic households this quarter, bringing the total to approximately 2.58 million households.
- The company added five new CNG stations, increasing the total to 352 stations as of September 30, 2024.
- Mahanagar Gas Ltd reported a 13.07% increase in overall average gas sale volume compared to the previous year.
- The company achieved a consolidated total sales volume of 4.206 MMSCMD for the quarter.
- Mahanagar Gas Ltd has entered a joint venture to set up an E battery cell manufacturing facility in India, aiming for a 40% equity stake.
- The company's EBITDA decreased from INR 418 crore in the previous quarter to INR 399 crore in the current quarter.
- There is a concern about the rising cost of gas due to the reallocation of APM gas, which may impact margins.
- Operating expenses increased due to one-off items such as employee cost adjustments and repair maintenance.
- The company faces challenges in maintaining competitive pricing against liquid fuels due to potential increases in gas prices.
- The sudden reallocation of APM gas has led to uncertainties in gas sourcing and pricing strategies.
Ladies and gentlemen, good day and welcome to Mahanagar Gas Q2 FY2025 earnings conference call hosted by ICIC Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing * then 0 on your touchtone telephone. Please note that this conference is being recorded. I now hand the conference over to Mr Prabal Singh from Icic Securities Limited. Thank you and over to you, sir.
Thank you, Palak. Welcome everyone to the post Q2 FY 2025 earnings call of Mahanagar Gas Limited. With us, we have members of the senior management including Mr Ashu Shinghal managing director, Mr.Sanjay Shende, in the deputy managing director, Mr.Rajesh Patel, Chief Financial Officer, and Mr Rajesh Wagle, senior Vice President of the marketing division. Before starting the call, I would like to mention the, you know that some of the
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