ALFA Finder| Management target | Revenue 9.0% FY27 |
|---|
| Revenue growth | Overall sales volume increased 7% YoY led by CNG. |
|---|---|
| Margins | EBITDA per SCM target remains steady at ₹8-9. |
| Demand visibility | Strong demand in CNG and domestic PNG; Industrial remains supply-constrained. |
| Management confidence | Balanced; focused on cost containment during volatile energy market cycles. |
Growth
CNG volumes grew 9.7% YoY; domestic PNG conversions hit 95,000 for the quarter, an all-time high.
Outlook
Management expects 8-9% CNG volume growth for FY27 and plans FY27 Capex of ₹1500-1800 crore.
Risks
Industrial/Commercial volumes fell 7.15% due to government-mandated allocation cuts and high spot LNG prices.
Last quarter's promises, checked
Delivered
- Guided 3.21m household connectivity → delivered 3.21m (= BEAT)
- Guided 518 CNG stations → delivered 518 (= BEAT)
- Guided 5,924 industrial/commercial customers → delivered 5,924 (= BEAT)
Partly delivered
- Guided INR1,200cr Capex → delivered partial spend due to labor/material constraints (= PARTIAL)
Missed
- Guided INR1,041cr FY25 PAT → delivered INR847cr FY26 (= MISS)
- Guided INR1,570cr FY25 EBITDA → delivered INR1,451cr FY26 (= MISS)
- Guided 0.686 mmscmd industrial volume → delivered 0.719 mmscmd (= BEAT)
Earnings Call Transcript 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Mahanagar Gas Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.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.