Mahanagar Gas Limited (NSE: MGL) is a city gas distribution company that supplies compressed natural gas (CNG) and piped natural gas (PNG) to the Mumbai Metropolitan Region and the Raigad district in Maharashtra, India. The company was established in 1995 as a joint venture between GAIL (India) Limited, BG Asia Pacific Holdings Pte Limited and the Government of Maharashtra.<\/p>\n
In terms of earnings, Revenue from Operations for Q3 FY23 was \u20b91,838.44 crore, a 64% increase from \u20b91,122.89 crore in the same period last year. The third quarter\u2019s other income, which contributed \u20b932.25 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to \u20b9227.4 Crore from \u20b975.18 Crore from the same quarter previous year. The Consolidated Net Profit was \u20b9172.07 crore, up 203% from \u20b956.79 crore in the same quarter last year. This quarter\u2019s earnings per share was \u20b917.42.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mahanagar Gas Limited (NSE: MGL) is a city gas distribution company that supplies compressed natural gas (CNG) and piped natural gas (PNG) to the Mumbai Metropolitan Region and the Raigad district in Maharashtra, India. The company was established in 1995 as a joint venture between GAIL (India) Limited, BG Asia Pacific Holdings Pte Limited and […]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392],"tags":[8163],"class_list":["post-143116","post","type-post","status-publish","format-standard","hentry","category-earnings","tag-natural-gas"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171969,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-q2-fy26-earnings-results\/","url_meta":{"origin":143116,"position":0},"title":"Mahanagar Gas Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 30, 2025","format":false,"excerpt":"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. \u00a0 Q2 FY26 Earnings Results: Revenue from Operations: \u20b92,050 crore, up 14.8% YoY, down 1.6% QoQ.\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Mahanagar Gas Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mahanagar-Gas-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mahanagar-Gas-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mahanagar-Gas-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mahanagar-Gas-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mahanagar-Gas-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Mahanagar-Gas-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":148038,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-limited-q4fy23-earnings\/","url_meta":{"origin":143116,"position":1},"title":"Mahanagar Gas Limited Q4FY23 Earnings","author":"Karan_Singh","date":"June 1, 2023","format":false,"excerpt":"In the state of Maharashtra, the city of Mumbai, along with surrounding territories, and the Raigad District, are currently served by Mahanagar Gas Ltd.'s City Gas Distribution (CGD) company. Financial Results: Mahanagar Gas Ltd. reported Total Income for Q4FY23 of \u20b9 1,805 Crores up from \u20b9 1,210 Crore year on\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Industrials.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Industrials.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Industrials.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Industrials.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":180100,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-ltd-q3-fy26-revenue-growth-offset-by-profit-decline\/","url_meta":{"origin":143116,"position":2},"title":"Mahanagar Gas Ltd Q3 FY26: Revenue Growth Offset by Profit Decline","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Current Status Overview Mahanagar Gas Ltd operates in city gas distribution in Maharashtra. The company reported higher revenue in Q3 FY26. Profit after tax declined year-on-year. Operational volumes remained stable. The company declared an interim dividend. Share Price Performance MGL shares last traded near \u20b91,181. Recent movement showed volatility. 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Financial Results: Mahanagar Gas Ltd reported Revenues for Q3FY25 of \u20b91,758.00 Crores up from \u20b91,569.00 Crore\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/3-8.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/3-8.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/3-8.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/3-8.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/3-8.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/3-8.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142470,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-gail-india-limited-for-q3-fy23\/","url_meta":{"origin":143116,"position":4},"title":"Earnings Summary Of GAIL (India) Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 22, 2023","format":false,"excerpt":"GAIL (India) Limited (NSE: GAIL) is a leading natural gas company in India that operates in the areas of natural gas transmission, marketing, and distribution. The company also operates in the petrochemicals, LPG, and liquid hydrocarbons business segments. GAIL has a strong presence in India and is also expanding its\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-10-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-10-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-10-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-10-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-10-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-10-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155711,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-ltd-q2fy24-106-rise-in-profits\/","url_meta":{"origin":143116,"position":5},"title":"Mahanagar Gas Ltd Q2FY24; 106% rise in Profits","author":"Hardik Bhandare","date":"November 2, 2023","format":false,"excerpt":"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. Financial Results: Mahanagar Gas Ltd reported Revenues for Q2FY24 of \u20b91,571.00 Crores up from \u20b91,563.00 Crore\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-39.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-39.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-39.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-39.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-39.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-39.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1917"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=143116"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143116\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=143116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=143116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=143116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}