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Earnings Call

Mahanagar Gas Earnings Call: Key Takeaways

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.

Highlights
Revenue growthFY YoY sales volume grew 8.25%.
MarginsEBITDA/SCM impacted by high RLNG costs; not fully passed through.
Demand visibilityStrong for PNG due to mandatory conversion from LPG.
Management confidenceBalanced; focused on long-term infrastructure over temporary margin volatility.

Growth

Average daily sales rose 8.25% FY YoY to 4.585 MMSCMD, led by Industrial/Commercial (15%) and CNG (7.2%).

Outlook

Capex guided at ₹1,200cr+ for FY27 with a target of double-digit volume growth.

Risks

Supply disruptions in Iran/Gulf adversely impacting RLNG costs; incomplete pass-through of high input costs in CNG.

Source

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

Read the document ↗

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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