Outcome of Board Meeting held on May 07, 2026 to approve the Audited Standalone and Consolidated Financial Results for the Financial Year ended March 31, 2026 and to recommend the final ....
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Mahanagar Gas Ltd reported audited standalone financial results for FY26. Revenue from operations grew 13.5% YoY to Rs. 9,059.77 crore, driven by higher CNG and PNG volumes (total volume up 8.25%). However, profit after tax declined 18.67% to Rs. 846.82 crore compared to Rs. 1,041.26 crore in FY25. EBITDA margin compressed significantly from 21.62% to 17.61%, indicating margin pressure from higher natural gas purchase costs and other expenses. The Board recommended a final dividend of Rs. 18 per share, taking total dividend for FY26 to Rs. 30 per share (including Rs. 12 interim dividend already paid). Auditors Deloitte Haskins & Sells LLP issued unmodified opinions on both standalone and consolidated financial statements. Notable items include reversal of Rs. 112.87 crore trade discount provision and Rs. 8.52 crore impact from new Labour Codes implementation.
Revenue growth shows business expansion, but significant PAT decline and EBITDA margin compression indicate cost pressures that may concern investors. Unmodified audit opinions confirm financial statement reliability. Total dividend of Rs. 30 per share offers shareholder returns despite lower profitability.