Mahanagar Gas
MGL.NS
#4141
Rank
ยฃ1.63 B
Marketcap
ยฃ16.54
Share price
1.26%
Change (1 day)
61.72%
Change (1 year)

Operating Margin for Mahanagar Gas (MGL.NS)

Operating Margin as of September 2024 (TTM): 25.11%

According to Mahanagar Gas's latest financial reports and stock price the company's current Operating Margin is 25.11%. At the end of 2023 the company had an Operating Margin of 16.82%.

Operating Margin history for Mahanagar Gas from 2016 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
202316.82%-26.24%
202222.80%-41.58%
202139.03%17.1%
202033.33%10.34%
201930.20%-7.8%
201832.76%10.16%
201729.74%30.28%
201622.83%5.59%
201521.62%-8.5%
201423.63%-19.96%
201329.52%-15.53%
201234.95%

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.