| Revenue growth | 13.95% YoY; 15.62% QoQ. |
|---|---|
| Margins | EBITDA margins stabilized QoQ at 14.46% vs 12.69% in Q4 FY26. |
| Demand visibility | Strong; cumulative connections reached 3.24mn households and 1.31mn vehicles. |
| Management confidence | High on infrastructure exclusivity and secured gas availability. |
Growth
Q1 FY27 PAT fell 39.39% YoY to ₹193.70 Cr. EBITDA margins compressed to 14.46% from 24.06% YoY.
Outlook
Expanding into new GAs (Ratnagiri, Latur, Karnataka). RoE for FY26 reported at 13.76%.
Risks
Rising gas costs (up 23.75% YoY per SCM) and competitive pricing pressures from alternate fuels.
Last quarter's promises, checked
Delivered
- Guided double-digit volume growth → delivered 10.1% YoY (= BEAT)
- Guided FY27 Capex ~₹1,200 Cr → delivered infrastructure expansion on track (= BEAT)
- Guided >10% volume contribution from DPNG → delivered 12% growth (= BEAT)
Partly delivered
- Guided 4-5 lakh DPNG additions → delivered cumulative 3.24mn households (= PARTIAL)
Missed
- Guided >INR 8 EBITDA/SCM for FY27 → delivered INR 7.92/SCM (= MISS)
Investor Presentation filed with NSE, NSE: MGL. Summary written with AI assistance from the document.
Mahanagar Gas Ltd: key numbers
- Share price
- ₹1,039.00
- Market cap
- ₹10,263 Cr
- Revenue (annual)
- ₹8,246 Cr
- Net profit (annual)
- ₹841.2 Cr
- P/E (TTM)
- 14.3×Sector 24.7×
- Promoter holding
- 32.50%+0.00% QoQ
- FII holding
- 23.21%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Mahanagar Gas Ltd
All →Mahanagar Gas Annual General Meeting
Mahanagar Gas Ltd held its 31st AGM on August 25, 2026, transacting ordinary and special business, including dividend declaration and approval of related party transactions.
Mahanagar Gas Annual General Meeting
Mahanagar Gas Limited issued a notice for its 31st Annual General Meeting scheduled for August 25, 2025, covering six agenda items and material related party transactions.
- Value
- ₹7,730 Cr
Mahanagar Gas Business Update
Mahanagar Gas Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, detailing its ESG practices and operational disclosures.
Mahanagar Gas Annual General Meeting
Mahanagar Gas Limited announced its 31st Annual General Meeting on August 25, 2026. The filing provides access to the company's Integrated Annual Report for FY 2025-26.
Mahanagar Gas Other Announcement
Mahanagar Gas Limited informed the exchange regarding the dispatch of a letter to shareholders with unregistered email addresses, providing access to the 2025-26 Annual Report.
Mahanagar Gas Dividend
Mahanagar Gas Limited has fixed August 18, 2026, as the record date for determining shareholders' entitlement to the final dividend of Rs. 18 per equity share.