Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Revenue: ₹1,976 crores, up 5.42% QoQ and 24.2% YoY (Q4 FY25: ₹2,006.40 crores; Q1 FY25: ₹1,701.41 crores).
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EBITDA: ₹485 crores, up 28.3% QoQ and 16% YoY (Q4 FY25: ₹378 crores; Q1 FY25: ₹418 crores).
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Net Profit (PAT): ₹324 crores, up 28.57% QoQ and 13.6% YoY (Q4 FY25: ₹252 crores; Q1 FY25: ₹284 crores).
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EPS: ₹32.83, up 28.67% QoQ and 13.9% YoY (Q4 FY25: ₹25.01; Q1 FY25: ₹28.80).
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CNG Sales Volume: Increased by 7.5% YoY to 2.98 million standard cubic meters per day (mmscmd).
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Domestic PNG Sales Volume: Up 3.9% YoY to 0.57 mmscmd.
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Industrial & Commercial Sales Volume: Up 26.1% YoY to 0.68 mmscmd.
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Network Expansion: Added 16,348 domestic household connections and 84 industrial/commercial customers; pipeline network stretched to over 7,538 kilometers.
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Capex Plan: ₹1,100-1,300 crores over next two years; plans to add 80 new CNG stations in FY26.
Key Management Commentary & Strategic Highlights
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Strong volume growth across all key segments, supporting robust revenue and profit expansion.
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Focus on expanding infrastructure with new pipeline laying and increased CNG station rollout for market growth.
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Operational efficiencies contributed to margin improvement despite rising cost challenges.
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Management reiterated commitment to sustainable growth driven by domestic PNG and industrial/commercial segments.
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Strategic focus on customer acquisition and retention with improved network and service reach.
Q4 FY25 Earnings Results
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Revenue: ₹1,865 crores.
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EBITDA: ₹378 crores.
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Net Profit (PAT): ₹252 crores.
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EPS: ₹25.53.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.