Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Shares of Mahanagar Gas jumped 4.19% to Rs 1,166.1 after the PSU company reported a 351% jump in net profit to Rs 204.08 crore on 135% rise in net sales to Rs 615.49 crore in Q1 FY22 over Q1 FY21.
On a sequential basis, the company’s net profit declined 4% while its net sales fell 14% in Q1 FY22 over Q4 FY21.
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.