EBIDTA in Q1 FY22 stood at Rs 303.99 crore, falling 3.85% from Rs 316.16 crore posted in Q4 FY21. Meanwhile, the company EBITDA margin improved to 49.39% in Q1 FY22 from 44.05% in Q1 FY21.

The company's total sales volume declined 16.14% to 218.25 SCM (standard cubic metre) million in Q1 FY22 from 260.25 SCM posted in Q4 FY21. The city gas distributor's CNG volumes fell 22.53% to 141.11 SCM million while the total PNG volumes have declined 1.24% to 77.14 SCM million in Q1 FY22 over Q4 FY21.

Mahanagar Gas (MGL) is one of the 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.