Buy Mahanagar Gas; target of Rs 1179: Prabhudas Lilladher

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Prabhudas Lilladher's research report on Mahanagar Gas

Healthy margins and volume traction drive earnings despite one off charges: Mahanagar Gas' (MGL's) reported Q1FY19 EBITDA and PAT at Rs2.0bn (PLe: Rs2.1bn; +4%YoY, +20%QoQ) and Rs1.28bn (PLe: Rs1.18bn; +3%YoY, 23%QoQ), respectively. The earnings surprise was due to higher than expectedQ1 gas sales volume of 11.9% YoY.

Outlook

We continue to like MGL's business given their dominating share in the growing markets of Mumbai and suburbs. Reiterate BUY.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More