Mahanagar Gas has reported results for first quarter ended June 30, 2019.
The company has reported 32.66% rise in its net profit at Rs 170.24 crore for the quarter under review as compared to Rs 128.33 crore for the same quarter in the previous year. Total income of the company increased by 23.12% at Rs 851.53 crore for Q1FY20 as compared Rs 691.61 crore for the corresponding quarter previous year.
Mahanagar Gas (MGL) is a city gas distribution company. The company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas and in the Raigad district in the state of Maharashtra.
