**Mahanagar Gas Q3 Results 2025**
Mahanagar Gas announced its Q3 results on January 28, 2025, highlighting a notable shift in its financial performance. The company’s revenue surged by 17.85% year-over-year, reaching ₹2,031.51 crore. However, net profit experienced a significant decline of 30.25% compared to the previous year, totaling ₹221.24 crore. On a quarter-over-quarter basis, revenue increased by 3.5%, while profit fell by 21.96%.
In terms of expenses, Selling, General & Administrative (SG&A) costs decreased by 19.2% from the previous quarter but rose by 21.99% year-over-year, indicating the company’s efforts to control operational costs amid varying revenue streams. The operating income for the quarter also declined, dropping 28.8% quarter-over-quarter and 38.56% year-over-year. The earnings per share (EPS) for Q3 was reported at ₹22.39, reflecting a decrease of 30.27% from the same period last year.
Regarding stock performance, Mahanagar Gas recorded a slight return of 0.03% over the past week, but its stock has declined by 32.44% over the last six months and experienced a minor drop of 0.5% year-to-date. The company currently holds a market capitalization of ₹12,623.31 crore, with a 52-week high of ₹1,988 and a low of ₹1,075.25.
Recent analyst evaluations show that out of 29 analysts covering Mahanagar Gas, 5 have issued a Strong Sell rating, 4 have rated it as Sell, 6 have given Hold ratings, while 7 analysts recommended Buy and another 7 rated it as Strong Buy. As of January 29, 2025, the consensus recommendation is to Hold.
**Mahanagar Gas Financials**
| Period | Q3 (FY25) | Q2 (FY25) | Q-o-Q Growth | Q3 (FY24) | Y-o-Y Growth |
|—————————|———–|———–|————–|———–|————–|
| Total Revenue | 2031.51 | 1962.87 | +3.5% | 1723.77 | +17.85% |
| Selling/General/Admin Expenses Total | 35.51 | 43.95 | -19.2% | 29.11 | +21.99% |
| Depreciation/Amortization | 91.07 | 85.17 | +6.93% | 68.29 | +33.36% |
| Total Operating Expense | 1797.79 | 1634.62 | +9.98% | 1343.37 | +33.83% |
| Operating Income | 233.72 | 328.25 | -28.8% | 380.4 | -38.56% |
| Net Income Before Taxes | 272.22 | 371.98 | -26.82% | 425.75 | -36.06% |
| Net Income | 221.24 | 283.51 | -21.96% | 317.18 | -30.25% |
| Diluted Normalized EPS | 22.39 | 28.7 | -21.99% | 32.11 | -30.27% |
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