Mahanagar Gas tumbles after posting Q4FY18

Mahanagar Gas revenue for the quarter came in at Rs. 643.78 crore, registering 11.7 per cent yoy increase.

EBITDA for the quarter rose by 7.9 per cent yoy to Rs. 176.16 crore with a corresponding margin contraction of 96 bps. EBITDA margin for the quarter stood at 27.4 per cent.

The PAT for the quarter came in at Rs. 104.76 crore, yoy increase of 5.3 per cent.

In terms of full year 2017-18, the revenue rose 9.6 per cent yoy to Rs. 2,453 crore. EBITDA for the period surge 21.1 per cent yoy to Rs. 780 crore with corresponding margin expansion of 300 bps. Also, net profit rose 21.5 per cent yoy to Rs. 478 crore.

The company reported this quarterly numbers on Monday after market hours and taking cue from this numbers the stock on Tuesday tumbles almost 7 per cent to touch intraday low of Rs. 785. At 10.03 hours the stock was trading at Rs. 794 per share, down by 5.6 per cent.