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महानगर गैस

बीएसई: 539957  |  NSE: MGL  |  ISIN: INE002S01010  |  Refineries

खोजें महानगर गैस कनेक्शन Mar 17
अध्यक्षीय भाषण साल : Mar '18

Dear Shareholders,

Over the years, we have established ourselves as one of the leading natural gas distribution companies of India. MGL has a strong presence in Mumbai, Thane urban and its adjoining municipalities, where we supply both piped gas and CNG. The trust that customers and stakeholders have shown in our abilities, has helped your company deliver consistent results and achieve significant milestones during the year. We believe that our experience of more than two decades coupled with Company’s dynamic leadership, empowered and competent workforce and pragmatic business acumen and strong promoter support provide us a competitive advantage, allowing the Company to expand and grow its business.

India is among the fastest growing economies of the world with a GDP of .6 trillion in F.Y. 2017-18. GDP growth rate witnessed a cyclical movement as it reached a low of 5.3% in the first quarter and bounced up to 7.7% in the fourth quarter of F.Y. 2017-18. In the backdrop of such heightened economic activity, the demand for natural gas has increased significantly due to rapid growth in population, increase in urbanization, policy support and development of pipeline infrastructure. By 2025, Natural Gas sector is expected to make a significant contribution to the country’s energy mix. Much of the future growth of natural gas usage in domestic economic will play out in the City Gas Distribution (CGD) segment. At MGL, we are strategically positioned to leverage new opportunities in the CGD sector.

Operational Overview

During the financial year 2017-18, we improved our operational efficiencies while growing in financial terms. MGL achieved an overall growth in sales volume of 5.14% in FY 2017-18 in comparison to previous fiscal. We successfully added 20 new CNG stations and upgraded 14 existing stations, which led to an increase in compression capacity by around 3.45 lakhs kg per day. As on date, our total compression capacity stands at 30.80 lakhs kg per day. In FY 2017-18, we were able to supply gas to 1,03,750 additional households and 441 new industrial and commercial consumers.

Financial Performance

Our financial performance during the year was admirable. We increased our revenue to RS.2,452.92 crore in FY 2017-18 from RS.2,239.07 crore in 2016-17. Despite increase in gas cost, EBITDA margin improved by 327 bps to reacRs.34.94% in FY2017-18. We delivered a net profit after tax (PAT) of RS.477.87 Crore, a 21.47% increase over the PAT of RS.393.42 Crore in the previous fiscal.

The results reflect combined effect of higher margin capture and volume growth in CNG and PNG segments. Increase in the price of competing fuels linked to Brent, aided margins in industrial and commercial segment.

Safety

MGL believes that outstanding business performance requires outstanding HSE performance. We believe in Goal Zero, which means all injuries are preventable. We work relentlessly to ensure health and safety of our employees and contractors. During the year, we undertook various programmes to increase the awareness about safety amongst our consumers. Nurturing the highest level of safety standards, we worked towards the goal of zero injuries and achieved 10.35 Million Man-Hours Lost Time Injury (LTI) free operations, which is an outstanding achievement.

Corporate Social Responsibility

Your company’s commitment towards social responsibility is interwoven in its DNA. Your company has synchronized its CSR with national development agenda thereby fostering the philosophy of taking care of the community for a sustainable tomorrow. Under MGL Unnati, 110 students (since inception) from economic background have been assisted in their quest to clear competitive engineering entrance examination. Nearly 85% of the students cleared JEE Mains, while nearly 35% clear JEE Advance. Your company has also facilitated access to safe drinking water to nearly 800 souls in remote tribal areas under Naal Paani Yojana. More than 400 children of sex workers are being groomed by your company with the objective of putting them in mainstream education. MGL is also empowering 10000 youths from 30 government, aided and low-cost affordable schools in Mumbai with remedial education and counselling of vulnerable students. Your company is also contributing towards the ‘Skill’s India Campaign’ with its intervention through MGL Hunar, under which employment oriented technical training is provided to unemployed and underemployed youths. The trades include Gas Plumbing, Welding, Electrician and Refrigeration and Air Conditioning. Your company is also contributing towards Govt. of India’s initiative of ‘Swatch Bharat Abhiyaan’ with construction of toilets in schools and other institutions. CSR initiatives of your company have also won accolades. Being a socially responsible corporate your company will continue to strengthen its CSR portfolio to create shared value.

Way Forward

Moving ahead, MGL continues to focus on its twin strategic priorities - increasing the penetration in the current authorized geographical area (GA’s) and expeditious rollout of CGD infrastructure in the newly authorized Raigad district. We expect to spread our reach and set up new CNG stations and upgrade existing CNG stations in coming years. Our future priorities remain embedded in expanding our network to reach all our customer segments in our geographical areas.

On behalf of the Board of Directors and the entire management team, i would like to thank all our shareholders, investors and customers for showing faith in us. We would also like to thank all employees of MGL for another year of stellar performance.

We look forward towards many more years of success and your support.

Akhil Mehrotra

Chairman

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

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