)
Mahanagar Gas (MGL) investor relations material
Mahanagar Gas Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Faced supply disruptions due to the West Asia crisis, impacting LNG imports and curtailing industrial/commercial gas supply to 80%, but ensured 100% supply to domestic PNG and CNG customers using domestic gas sources.
Achieved over 30 years of consistent growth, with a strong customer base and robust infrastructure across multiple regions.
Focused on health, safety, and environment, with a diversified sourcing strategy and attractive fuel economics for CNG and PNG.
Registered 34,854 new CNG vehicles in Q4, totaling 1,284,828 vehicles as of March 31, 2026.
Continued infrastructure expansion: connected 143,997 households in Q4 and 342,157 for the year, added 28 CNG stations in Q4 (52 for the year), and laid 138.48 km of pipeline in Q4 (499 km for the year).
Financial highlights
Standalone revenue from operations for FY 2025-26 was ₹9,059.77 crore, up 13.58% year-over-year; consolidated revenue was ₹9,065.26 crore, up 13.62%.
FY 2025-26 PAT declined 18.67% year-over-year to ₹846.82 crore; consolidated net profit was ₹840.55 crore, down 19.18%.
Q4 FY26 net profit after tax was INR 132 crore, down from INR 202 crore in the previous quarter.
EBITDA for FY 2025-26 fell 7.58% year-over-year to ₹1,451.07 crore; Q4 EBITDA down 34.09% year-over-year and 26.05% sequentially.
EPS for FY 2025-26 was ₹85.73, down 18.67% year-over-year.
Outlook and guidance
Management expects double-digit volume growth if infrastructure rollout accelerates, supported by regulatory easing and increased demand due to LPG supply issues.
Margin guidance is uncertain due to volatile gas prices and supply, but aim to maintain EBITDA per SCM above INR 8.
CapEx guidance for FY27 is around INR 1,200 crore, with potential for a slight increase depending on labor and material availability.
Dividend payout for FY 2025-26 proposed at ₹30 per share, subject to shareholder approval.
Management continues to monitor regulatory and legal developments impacting operations.
- Revenue and volumes rose, but margins fell; interim dividend of ₹12 per share declared.MGL
Q3 25/2613 Apr 2026 - Strong revenue and volume growth, but margins fell due to higher costs and legal uncertainties.MGL
Q2 25/263 Feb 2026 - Strong Q1 growth and margin gains fueled by CNG, network expansion, and acquisition.MGL
Q1 24/252 Feb 2026 - Revenue and volumes up, profit and margins down; Unison Enviro merger and diversification advanced.MGL
Q2 24/2518 Jan 2026 - Sales up, profit down; expansion, investments, and legal disputes shape outlook.MGL
Q3 24/259 Jan 2026 - Revenue and sales volumes rose, but profit margins fell; ₹30/share dividend proposed.MGL
Q4 24/257 Jan 2026 - Q1 FY26 saw strong growth, infrastructure expansion, and key strategic and legal developments.MGL
Q1 25/266 Jan 2026
Next Mahanagar Gas earnings date
Next Mahanagar Gas earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)