Stock Market News

Mahanagar Gas Q4 PAT seen up 9.9% YoY to Rs. 150.4 cr: Kotak

Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Gas Utilities sector. The brokerage house expects Mahanagar Gas to report net profit at Rs. 150.4 crore up 9.9% year-on-year (up 12.7% quarter-on-quarter).

Net Sales are expected to increase by 21.1 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 766 crore, according to Kotak.

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