Dolat Capital: Mahanagar Gas Q1 Review - Volume De-Growth With Low Realisations And Lower Gas Cost

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Mahanagar Gas Ltd.’s Q1 FY21 results were below our estimates on revenue front and profitability front.Volume de-growth at 1.11 million metric standard cubic meter per day (down 62.5% YoY and 60% QoQ), against our estimates of 1.9 mmsmcd.Full quarter volumes were impacted due to the lockdown, with compressed natural gas segment taking the biggest hit. The CNG segment down 77.8% YoY and 75.7% QoQ due to no movement of people and vehicles during the lockdown.The domestic piped natural gas segment reported flattish growth sequentially and was up 7.1% YoY which was offset by a de-growth of 47% QoQ and 49.3% YoY in Industrial/commercial PNG segment.Overall PNG segment de-grew 21.2% YoY and 21.3% QoQ -- domestic PNG segment increased which was offset by decline in industrial and commercial volumes..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dolat Capital: Mahanagar Gas Q1 Review - Volume De-Growth With Low Realisations And Lower Gas Cost

Dolat Capital: Mahanagar Gas Q1 Review - Volume De-Growth With Low Realisations And Lower Gas Cost

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