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Net Sales are expected to increase by 12.7 percent Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 592.3 crore, according to KR Choksey.
Net Sales are expected to increase by 10 percent Y-o-Y (down 0.6 percent Q-o-Q) to Rs. 578 crore, according to HDFC Securities.
With rising crude prices, cost efficiency of natural gas, environmental concerns, policy framework changes and budget allocations, the gas distribution companies are positioned for a strong uptick in volumes.
In an interview with CNBC-TV18, SM Ranade, CFO of Mahanagar Gas spoke about the results and his outlook for the company.
Mahanagar Gas (MGL) posted a weak set of earnings in Q2. In an interview to CNBC-TV18, Rajeev Mathur, MD of MGL spoke about the results and his outlook for the company.
SM Ranade, CFO of Mahanagar Gas is also confident of margins remaining steady going forward.
Speaking to CNBC-TV18, Rajeev Mathur, MD of the company said the volume growth has been 7.5 percent quarter-on-quarters. He guided for a 7-8 percent rise in quarters ahead.