Mahanagar Gas Limited has informed the Exchange that Board of Directors at its meeting held on May 07, 2026, recommended Final Dividend of Rs. 18 per equity share.
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Mahanagar Gas Board recommended a final dividend of Rs. 18 per share (Rs. 10 face value) for FY2025-26, adding to the Rs. 12 interim dividend already paid, making total dividend Rs. 30 per share. Net revenue grew 13.5% to Rs. 8,240 crore but profit after tax fell 18.7% to Rs. 847 crore. EBITDA margin compressed to 17.6% from 21.6% in FY25, impacted by a Rs. 112.87 crore reversal of trade discounts from earlier years, Rs. 8.52 crore labour code gratuity impact, and flat to declining sales volumes in Q4. The Q4 PAT dropped 34.7% sequentially. The dividend will result in cash outflow of approximately Rs. 177.8 crore, subject to shareholder approval.
Profit decline despite revenue growth is concerning, though the total dividend of Rs. 30 per share (roughly 2.9% yield at current prices) provides income support. The margin compression and volume softness in Q4 may weigh on sentiment near-term.