Mahanagar Gas reports surge in Q3 net profit, declares dividend

MUMBAI – Mahanagar Gas (NS:) Limited, a leading city gas distribution company in India, has announced a significant increase in its net profit for the third quarter. The company’s net profit soared to ₹317.18 crore, a substantial rise from the ₹172.07 crore reported in the same period last year. This performance reflects a robust growth trajectory for the firm in the current fiscal year.

The total income for Mahanagar Gas for the quarter ending December reached ₹1771.84 crore. Additionally, the company’s financial health over the nine months ending December has been strong, with net profits surging to ₹1024.08 crore. This marks a notable improvement from the ₹521.24 crore net profit recorded in the comparable period the previous year.

In light of its strong financial results, Mahanagar Gas has also declared a dividend of ₹12 per share to its shareholders. This move is indicative of the company’s confidence in its financial stability and its commitment to providing value to its investors.

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