Mahanagar Gas Q2 PAT seen up 50.2% YoY to Rs. 210.1 cr: Kotak

Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Gas Utilities sector. The brokerage house expects Mahanagar Gas to report net profit at Rs. 210.1 crore up 50.2% year-on-year (up 23.4% quarter-on-quarter).

Net Sales are expected to increase by 13.8 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 792.7 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.9 percent Y-o-Y (up 0.7 percent Q-o-Q) to Rs. 278.9 crore.

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