ALFA Concalls
Every earnings call, live and summarised
Earnings calls
Every Mahanagar Gas earnings call we streamed: the live audio and our summary of what management said.
Q2 EBITDA fell to ₹287 Cr from ₹343 Cr QoQ; PAT ₹137 Cr vs ₹194 Cr. Volumes rose 2.6% QoQ despite industrial supply curtailment. Management called results better than market expectations, but gave no margin guidance.
Q2 EBITDA fell to ₹287 Cr from ₹343 Cr QoQ; PAT ₹137 Cr vs ₹194 Cr. Volumes rose 2.6% QoQ despite industrial supply curtailment. Management called results better than market expectations, but gave no margin guidance.
Volume growth guided above 8–9% for FY27 and FY28, conditional on gas normalising. Capex ₹1,500–1,800 Cr maintained; operating cash flow ₹1,000–1,200 Cr.
MGL delivered volume growth despite West Asia geopolitical supply shocks, using price-indexed industrial sales to buffer volatile gas costs.
MGL reported Q4 FY26 results with average sales volumes up 6.15% YoY. Performance impacted by West Asia supply disruptions affecting industrial/commercial segments, while domestic and CNG remains supported by domestic gas.
MGL delivered volume growth despite West Asia supply disruptions impacting RLNG availability. Management is prioritizing aggressive infrastructure build and volume expansion over short-term margin protection.
MGL reported FY26 revenue of ₹8,240 Cr, up 13.5% YoY, though PAT declined 18.7% to ₹847 Cr due to higher gas costs. Focus remains on infrastructure expansion and maintaining price competitiveness.
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.