Metropolitan Gas Limited (MGL) disappointed a little in the third quarter results, but also gave a big gift to please investors. The company’s net profit fell 28.9% to ₹ 225.4 crore. It was ₹ 317.18 crore in the same quarter of last year.
Dividend gift
Metropolitan gas has declared an interim dividend of ₹ 12 on every stock. The record date for this dividend has been set on 3 February 2025. This means that investors who shares the company till this date will get the benefit of this dividend. The company has said that dividend will be distributed in the next 30 days.
The results came after the market was closed, but before that the shares of the metropolitan gas were seen shining. The company’s stock closed at ₹ 1,277.80 on BSE on Tuesday, leading to ₹ 19.05 or 1.51%.
This important meeting of the company’s board started at 3 pm on 28 January 2025 and ended at 4:30 pm. It took decisions related to results and dividend.