{"id":180100,"date":"2026-02-09T11:58:17","date_gmt":"2026-02-09T16:58:17","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180100"},"modified":"2026-02-09T11:58:17","modified_gmt":"2026-02-09T16:58:17","slug":"mahanagar-gas-ltd-q3-fy26-revenue-growth-offset-by-profit-decline","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mahanagar-gas-ltd-q3-fy26-revenue-growth-offset-by-profit-decline\/","title":{"rendered":"Mahanagar Gas Ltd Q3 FY26: Revenue Growth Offset by Profit Decline"},"content":{"rendered":"\n

Current Status Overview<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Share Price Performance<\/h2>\n\n\n\n

MGL shares last traded near \u20b91,181. Recent movement showed volatility. The stock is below its 52-week high. Market capitalization is around \u20b911,600 crore.<\/p>\n\n\n\n

Revenue Performance<\/h2>\n\n\n\n

Revenue for last 3 months stood near \u20b92,058 crore.<\/p>\n\n\n\n

Revenue for last 6 months was around \u20b92,049 crore.<\/p>\n\n\n\n

Revenue for last 9 months was approximately \u20b92,081 crore.<\/p>\n\n\n\n

Market Analysis<\/h2>\n\n\n\n

MGL operates in a competitive city gas distribution market. Peers include Gujarat Gas and Indraprastha Gas. Margins remain sensitive to LNG prices. Demand trends are mixed across regions.<\/p>\n\n\n\n

Analyst Commentary<\/h2>\n\n\n\n

Analyst opinions remain mixed. Some highlight margin pressure. Others see stable long-term demand. No clear consensus reported.<\/p>\n\n\n\n

Mergers & Acquisitions<\/h2>\n\n\n\n

None reported.<\/p>\n\n\n\n

Outlook<\/h2>\n\n\n\n

No formal forward guidance was issued. Earnings outlook remains uncertain. Cost trends will be monitored closely.<\/p>\n\n\n\n

Revenue Chart<\/h2>\n\n\n\n
\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

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. The stock is below its 52-week […]<\/p>\n","protected":false},"author":2394,"featured_media":125416,"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":[5753,1941],"tags":[10169,11471,16067],"class_list":["post-180100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-stock-analysis","tag-earnings","tag-gas","tag-mgl"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143116,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-mahanagar-gas-limited-for-q3-fy23\/","url_meta":{"origin":180100,"position":0},"title":"Earnings Summary Of Mahanagar Gas Limited For Q3 FY23","author":"Hardik Bhandare","date":"March 1, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171969,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-q2-fy26-earnings-results\/","url_meta":{"origin":180100,"position":1},"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":162665,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-ltd-strong-growth-potential-amid-strategic-expansions-and-industry-shifts\/","url_meta":{"origin":180100,"position":2},"title":"Mahanagar Gas Ltd.: Strong Growth Potential Amid Strategic Expansions and Industry Shifts","author":"Chirag Gupta","date":"July 1, 2024","format":false,"excerpt":"Company Overview Mahanagar Gas Ltd. (MGL) is one of India's leading natural gas distribution companies. Established in 1995, MGL operates primarily in Mumbai and its surrounding regions, providing piped natural gas (PNG) to domestic, commercial, and industrial customers, as well as compressed natural gas (CNG) for the automotive sector. The\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\/06\/iStock-165814335.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/iStock-165814335.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/iStock-165814335.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":160285,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-limiteds-q3fy24-financial-report-steady-growth-amidst-industry-shifts\/","url_meta":{"origin":180100,"position":3},"title":"Mahanagar Gas Limited’s Q3FY24 Financial Report: Steady Growth Amidst Industry Shifts","author":"Divyansh_Kasana","date":"April 3, 2024","format":false,"excerpt":"Company Overview: Mahanagar Gas Limited (MGL) is one of India's leading Natural Gas Distribution Companies, primarily operating in the Greater Mumbai area (GA1), its expansion areas (GA2), and Raigad (GA3). Established with a dominant position in Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) distribution, MGL benefits from strong\u2026","rel":"","context":"In "Research Summary"","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/05\/Energy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":133400,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-limited-research-report\/","url_meta":{"origin":180100,"position":4},"title":"Mahanagar Gas Limited Q1 FY 23 Research Report","author":"sreerupa","date":"August 19, 2022","format":false,"excerpt":"Stock Data Ticker: MGL Exchange :NSE and BSE Industry: Natural Gas The Share price of Mahanagar Gas share price is Rs 874.20 as on 19 Aug,, 2022, 03:22 PM IST. The price has declined by 1.97% based on previous share price of Rs. 906.1. In last 1 Month, Mahanagar Gas\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"Research Summary","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":170987,"url":"https:\/\/alphastreet.com\/india\/mahanagar-gas-q1-fy26-earnings-results\/","url_meta":{"origin":180100,"position":5},"title":"Mahanagar Gas Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 5, 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. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Revenue: \u20b91,976 crores,\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Mahanagar Gas Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4-3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4-3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180100","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\/2394"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=180100"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180100\/revisions"}],"predecessor-version":[{"id":180102,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/180100\/revisions\/180102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=180100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=180100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=180100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}