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Earnings Call

Mahanagar Gas Earnings Call: Key Takeaways

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.

Highlights
Revenue growth13.48% YoY for FY26.
MarginsEBITDA margin declined to 17.61% in FY26.
Demand visibilityStrong; total volumes increased to 4.585 MMSCMD.

Growth

FY26 revenue grew 13.48% YoY; EBITDA margins compressed to 17.61% from 21.62% in FY25.

Outlook

Expanding footprint in new GAs like Ratnagiri and Karnataka; maintaining attractive fuel economics over petrol/diesel.

Risks

Rising gas costs (INR 33.55/SCM vs 30.08) and regulatory pricing pressures impacting margins.

Source

Earnings Call filed with NSE, NSE: MGL. Summary written with AI assistance from the document.

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Mahanagar Gas Ltd: key numbers

Share price
₹1,071.30
Market cap
₹10,582 Cr
Revenue (annual)
₹8,246 Cr
Net profit (annual)
₹841.2 Cr
P/E (TTM)
14.8×Sector 25.1×
Promoter holding
32.50%+0.00% QoQ
FII holding
23.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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