ALFA Finder| Margins | Near-term pressure from gas costs; aiming to maintain >₹8/SCM EBITDA. |
|---|---|
| Demand visibility | Strong demand for PNG/CNG due to high alternate fuel prices. |
| Management confidence | High on volume growth due to new regulatory enablers for infrastructure. |
Growth
FY26 EBITDA at ₹1,451cr vs ₹1,570cr YoY. Net Profit at ₹847cr vs ₹1,041cr. Quarterly sales volume grew 1.12% sequentially.
Outlook
Targeting double-digit volume growth in FY27; planned capex of ~₹1,200cr; maintaining EBITDA guidance above ₹8/SCM.
Risks
Supply disruptions from West Asia crisis (Strait of Hormuz); 20% curtailment in industrial/commercial supply; high spot LNG prices.
Earnings Call filed with BSE, NSE: MGL. Summary written with AI assistance from the document.
Mahanagar Gas Ltd: key numbers
- Share price
- ₹1,154.90
- Market cap
- ₹11,408 Cr
- Revenue (annual)
- ₹8,246 Cr
- Net profit (annual)
- ₹841.2 Cr
- P/E (TTM)
- 17.3×Sector 21.7×
- Promoter holding
- 32.50%+0.00% QoQ
- FII holding
- 23.46%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Mahanagar Gas Ltd
All →Mahanagar Gas Earnings Call Transcript: Key Takeaways
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.
Mahanagar Gas Investor Presentation: Key Takeaways
Q2 FY27 net revenue ₹2,537 Cr (+23.8% YoY) but PAT ₹137 Cr (-29.1%) and EBITDA margin 12.0% (vs 16.5%) on higher gas costs.
Mahanagar Gas Other Announcement
Mahanagar Gas Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The updates align with SEBI (Prohibition of Insider Trading) Regulations as of September 2026.
Mahanagar Gas Q2 FY27 Results: Net Profit ₹135.4 Cr, Down 29.2% YoY
Mahanagar Gas Ltd reported revenue from operations of ₹2,778 Cr (+23.1% YoY) and net profit of ₹135.4 Cr (-29.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹135.4 Cr · -29.2% YoY
Mahanagar Gas Capital Structure Change
PPFAS Mutual Fund raised its Mahanagar Gas stake via open-market purchase. The SAST Reg 29(1) disclosure shows a non-promoter buy of 65,449 shares.
Mahanagar Gas Board Meeting Date
Mahanagar Gas Ltd notified exchanges of a board meeting on November 3, 2026 to approve Q2 and H1 unaudited financial results. Trading window closure also announced for designated persons.