Mahanagar Gas reports 30% rise in Q3
In Q3, sales volumes went sequentially down by 1.56%. MGL said, “This was mainly on account of impact of demonetization mainly in case of CNG.” While net sales was below 3.32% yoy to Rs 500.84 crore due to pass through of reduction in input gas cost.
MGL reported net profit of Rs 99 crore compared to net profit of Rs 76.06% in the corresponding period of the previous year. Photo: Official Website