Mahanagar Gas Limited has informed the Exchange about Presentation
MGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahanagar Gas Limited reported FY26 net revenue of ₹8,240 crore, up 13.48% YoY, driven by volume growth to 4.585 MMSCMD. However, profitability metrics deteriorated significantly - EBITDA fell 7.58% to ₹1,451 crore with margins contracting from 21.62% to 17.61%, while PAT declined 18.67% to ₹846.82 crore. Q4 FY26 was particularly weak with PAT dropping 45.56% YoY to ₹131.92 crore. The company expanded its CNG network to 518 stations and served 1.28 million CNG vehicles and 3.21 million PNG households. The board declared a dividend of ₹18 per share. The company noted reversal of OMC trade margin provided earlier impacted revenue comparisons, and gas cost per unit rose to ₹33.55/SCM from ₹30.08/SCM in FY25.
The sharp margin compression despite revenue growth signals cost pressures from higher gas prices, which could weigh on near-term sentiment. However, the consistent dividend and strong operational volume growth may provide support for the stock.