Outcome of the Board Meeting held on May 07, 2026 for recommendation of Final Dividend of Rs. 18/- per share for FY 2025-26
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Mahanagar Gas Limited's Board recommended a final dividend of Rs. 18 per equity share (face value Rs. 10) for FY 2025-26, subject to shareholder approval at the AGM. This is in addition to the interim dividend of Rs. 12 per share already paid in February 2026, bringing the total annual dividend to Rs. 30 per share — same as the previous year. For FY 2025-26, total income rose 13% to Rs. 9,179 crore and revenue from operations grew 13.6% to Rs. 9,060 crore, but net profit fell 18.7% to Rs. 847 crore due to higher gas purchase costs, one-time trade discount reversal of Rs. 113 crore, and labour code impact of Rs. 8.5 crore. The final dividend will result in a cash outflow of approximately Rs. 178 crore if approved.
The consistent Rs. 30 total dividend provides income support for shareholders despite a nearly 19% decline in annual profits. The stock may see neutral-to-slightly positive reaction as the dividend meets expectations, though profit pressure remains a concern for long-term investors.