Mahanagar Gas Q4 Review - Subdued Volumes With Better Realisations, Timely Price Revisions: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Mahanagar Gas Ltd.’s Q4 FY22 results were in line with estimates on revenue front and below estimates on profitability front. Volumes at 3.17 metric million standard cubic meter per day (up 9.6% YoY and down 4% QoQ), against our estimates of 3.5 mmsmcd. Mahanagar Gas' realisations improved to Rs 37.9/standard cubic meter (up 38.6% YoY and 12.8% QoQ). The compressed natural gas segment (up 12.5% YoY and down 6.8% QoQ) took a hit due to the effect of third wave of Covid in January-February 2022. However, in the month of March recovery was seen and volumes were up by 14%.The piped natural gas segment reported growth of 2.8% YoY and down 4.2% QoQ. This segment took a hit due to higher price of regassified liquefied natural gas which have put pressure on margins..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mahanagar Gas Q4 Review - Subdued Volumes With Better Realisations, Timely Price Revisions: Dolat Capital

Mahanagar Gas Q4 Review - Subdued Volumes With Better Realisations, Timely Price Revisions: Dolat Capital

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