Mahanagar Gas Limited — Investor Meet, 30-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Mahanagar Gas Limited reported robust growth in Q2 FY25, connecting 58,845 domestic households and increasing total connections to 2.58 million. They laid 70.59 km of pipeline, totaling 7,124 km, while CNG sales rose 13.07% year-on-year to 2.886 mmscmd. The company announced a joint venture for an EV battery manufacturing facility and approved a merger with Unison Enviro Private Limited. EBITDA for the quarter was INR 399 crores, with a net profit of INR 283 crores, retaining an EBITDA margin guidance of INR 10-12 per SCM.