New Delhi, Jan. 29 -- Mahanagar Gas declared their Q3 results on 28 Jan, 2025, revealing a significant change in their financial performance. The topline increased by 17.85% year-over-year, with revenue reaching Rs.2031.51 crore. However, the profit saw a sharp decline of 30.25% YOY, standing at Rs.221.24 crore. Compared to the previous quarter, revenue grew by 3.5%, but profit dropped by 21.96%.

In terms of expenses, the Selling, General & Administrative (SG&A) expenses exhibited a decline of 19.2% quarter-over-quarter but increased by 21.99% year-over-year. This reflects the company's efforts to manage operational costs amidst fluctuating revenues.

The operating income for the quarter also showed a decline, down by 28.8% quarter-over-...