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Revenue from operations jumped 48.2% to Rs 1,610.48 crore in Q4 FY23 as against Rs 1,086.77 crore in Q4 FY22.
Profit before tax increased 98.1% year on year to Rs 357.30 crore in Q4 FY23.
EBITDA jumped by 80.85% to Rs 389.68 crore in Q4 FY23 from Rs 215.47 crore in Q4 FY22. EBITDA margin was 24.20% in Q4 FY23 as against 19.83% in Q4 FY22.
Total volumes increased by 6.39% to 303.49 SCM Million in Q4 FY23 over Q4 FY22. CNG volumes were 216.92 SCM Million (up 5.84%) while the total PNG volumes were 86.57 SCM Million (up 7.81%) during the period under review.
On full year basis, the company's net profit rose 32.3% to Rs 790.05 crore on 76.9% jump in net sales to Rs 6,299.28 crore in FY23 over FY22.
Meanwhile, the board has declared the final dividend of Rs 16 per equity share for FY23.
Mahanagar Gas (MGL) is one of India's leading natural gas distribution companies. It has a natural gas distribution network in Mumbai and its adjoining areas. GAIL (India) (Maharatna Company of Govt. of India) is the promoter of MGL and holds 32.50% stake in the company, as on 31 March 2023.
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