Shares of Mahanagar Gas are down ~3% after opening up 2% in early trade. The company posted its Q1FY20 results on Thursday.
Mahanagar Gas' net profit rose 32.66% yoy to Rs170.24cr in the quarter under review.
Revenue went up on 22.55% yoy at Rs777.83cr for the June quarter.
The board in its meeting also approved the appointment of Dr. Ashutosh Karnatak as an additional Director (Non-Executive & Non Independent) and Chairman of the Company effective from August 01, 2019.
Dr. Karnatak is also serving as Chairman & Managing Director of GAIL (India) Limited.
Mahanagar Gas' net profit rose 32.66% yoy to Rs170.24cr in the quarter under review.
Revenue went up on 22.55% yoy at Rs777.83cr for the June quarter.
The board in its meeting also approved the appointment of Dr. Ashutosh Karnatak as an additional Director (Non-Executive & Non Independent) and Chairman of the Company effective from August 01, 2019.
Dr. Karnatak is also serving as Chairman & Managing Director of GAIL (India) Limited.
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