Mahanagar Gas has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 84.33% rise in net profit at Rs 317.18 crore for the quarter ended December 31, 2023 as compared to Rs 172.07 crore for the same quarter in the previous year. However, total income of the company decreased by 5.28% at Rs 1771.84 crore for Q3FY24 as compared Rs 1,870.69 crore for corresponding quarter of the previous year.
Mahanagar Gas is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.
