Mahanagar Gas Q4 Results: Brokerages Adjust Outlook Amid Margin Pressures and Policy Shifts
Mahanagar Gas Q4 profit plunged 46%, prompting brokerages to revise outlooks amid margin pressures from rising costs and supply issues.
MGL
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Mahanagar Gas Ltd Reports 35% Quarterly Profit Decline Amid Margin Pressure
Quarterly Performance Overview Mahanagar Gas Ltd (MGL) reported a 35% quarter-on-quarter decline in net profit for the fourth quarter, driven primarily by a contraction in EBITDA margins to 13%. Despite the earnings shortfall, the company’s shares closed at ₹1,179.60 on the BSE, marking a modest gain of 0.94% as investors reacted to the firm’s decision…