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Indraprashta, Mahanagar Gas hit 52-week lows on disappointing Q3 results

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Indraprashta, Mahanagar Gas hit 52-week lows on disappointing Q3 results

Shares in City Gas Distribution (CGD), Indraprastha Gas (IGL) and Mahanagar Gas (MGL) each hit 52-week lows on the BSE in intraday trade on Wednesday, after the companies reported disappointing quarter-end figures for 2021 December (Q3FY22) and concerns over the influx of electric vehicles (EVs).

IGL and MGL supply compressed natural gas (CNG) to the transportation sector and pipeline natural gas (PNG) to the domestic industrial and commercial sectors.

Among individual stocks, MGL fell 6 percent to Rs 781.20, falling for the fourth straight session. The stock has fallen 39% from a 52-week high of Rs 1,284 touched on June 16, 2021.

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In the third quarter of fiscal 2022, MGL’s EBIT and earnings before depreciation and amortization (ebitda) margin decreased by 28.66% from 43.06%, mainly due to higher managed pricing mechanism (APM) and market-determined natural gas prices . The company’s net income from operations rose 72% year-on-year to Rs 2,473 crore. Net profit rose 14.34% year-on-year to Rs 465 crore.

IGL shares fell 3 percent to 379 rupees, also a 52-week low in intraday trade on the BSE today. The stock has corrected 37% from its 52-week high of Rs 604 on September 14, 2021. In Q3 FY22, the company’s Ebitda margin fell to 21% from 35% in Q3 FY21. Volumes in the quarter were strong year over year and quarter over quarter. Total sales were 7.7mmscmd (up 22% year over year), CNG sales were 5.6mmscmd (+26%) and PNG sales were 2mmscmd.

IGL can increase sales in new districts such as Rewari, Karnal and Muzzafarnagar; Haryana City Gas; and 10th round of newly awarded GAs – Kaithal (Haryana), Ajmer, Pali and Rajsamand (Rajasthan) , and Kanpur, Fatehpur and Hamirpur (Uttar Pradesh).

However, in the long run, the introduction of electric vehicles may dent CNG demand, which is also endorsed by the company, so it plans to build 50 EV battery swap stations. Motilal Oswal Financial Services said in a results update that its entry into new ventures (as well as LCNG stations) will eventually lead to dilution of CGD’s margins, and the stock is rated Neutral.

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Complete News Source : Business Standard

SSC Exam Calendar 2025

SSC Exam Calendar 2025 revised, check CGL, CHSL, SI in Delhi Police, MTS, JE and other exam dates here

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SSC Exam Calendar 2025 revised, check CGL, CHSL, SI in Delhi Police, MTS, JE and other exam dates here
  • The updated Exam Calendar 2025 has been made public by SSC. Here, candidates can view the dates for the Delhi Police, MTS, JE, CGL, CHSL, and SI exams. The updated timetable for the SSC exams in the 2025–2026 session has been made public by the Staff Selection Commission, or SSC. The updated schedule is available on the official website at ssc.gov.in for candidates who wish to take any.
  • The updated calendar states that on June 5, 2025, the announcement for the Stenographer Grade “C” & “D” Examination, 2025, will be made, and registration will open that same day. The exam will take place from August 6 to August 11, 2025, and the application deadline is June 26, 2025. Similarly, registrations commission’s examinations.
  • The Staff Selection Commission (SSC) has released the revised examination calendar for the 2025–26 session, detailing updated notification, registration, and examination dates for major recruitment exams such as CGL, CHSL, SI in Delhi Police, MTS, JE, and others. Candidates can access the complete schedule on the official SSC website at.

  • Key Exam Dates and Details
    1. Combined Graduate Level (CGL) Examination 2025
    Notification Release: June 9, 2025
    Application Period: June 9 to July 4, 2025
    Exam Dates: August 13 to August 30, 2025

  • Mode: Computer-Based Examination (CBE)
    2. Combined Higher Secondary Level (CHSL) Examination 2025
    Notification Release: June 23, 2025
    Application Period: June 23 to July 18, 2025
    Exam Dates: September 8 to September 18, 2025

  • Mode: CBE
    3. Sub-Inspector in Delhi Police and Central Armed Police Forces (CAPFs) Examination 2025
    Notification Release: June 16, 2025
    Application Period: June 16 to July 7, 2025
    Exam Dates: September 1 to September 6, 2025

  • Mode: CBES
    4. Multi-Tasking (Non-Technical) Staff and Havaldar (CBIC & CBN) Examination 2025
    Notification Release: June 26, 2025
    Application Period: June 26 to July 24, 2025
    Exam Dates: September 20 to October 24, 2025

  • Mode: CBE
    5. Junior Engineer (Civil, Mechanical, Electrical) Examination 2025
    Notification Release: June 30, 2025
    Application Period: June 30 to July 21, 2025
    Exam Dates: October 27 to October 31, 2025

  • Mode: CBE
    6. Stenographer Grade ‘C’ & ‘D’ Examination 2025
    Notification Release: June 5, 2025
    Application Period: June 5 to June 26, 2025
    Exam Dates: August 6 to August 11, 2025

  • Mode: CBE
    7. Selection Post Examination, Phase-XIII, 2025
    Notification Release: June 2, 2025
    Application Period: June 2 to June 23, 2025
    Exam Dates: July 24 to August 4, 2025

  • Mode: CBE
    8. Combined Hindi Translators Examination 2025
    Notification Release: June 5, 2025
    Application Period: June 5 to June 26, 2025
    Exam Date: August 12, 2025

  • Mode: CBE
    9. Delhi Police Examinations (Constable, Head Constable, AWO/TPO) 2025
    Notification & Registration: July to September 2025
    Exam Dates: November to December 2025
    Mode: CBE

  • How to Download the Revised SSC Exam Calendar 2025–26 Visit the official SSC website Navigate to the “For Candidates” section and click on “Examination Calendar.” Click on the link titled “Revised Tentative Calendar of Examinations for the Year 2025–26.” The PDF will open; download and save it for future reference Additional Information.
  • The SSC examinations are conducted in Computer-Based Examination (CBE) mode across various centers nationwide. The revised calendar aims to provide candidates ample time to prepare and plan for the upcoming examinations. For detailed information on each examination, including syllabus, eligibility criteria, and application procedures, candidates are advised to refer to the official.
  • Notifications released on the SSC website For more details and updates, visit the , registration, and examination dates for major recruitment exams such as CGL, CHSL, SI the complete schedule on the official SSC.
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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