ALFA Finder| Revenue growth | 13.95% YoY; 15.62% QoQ. |
|---|---|
| Margins | EBITDA margins stabilized QoQ at 14.46% vs 12.69% in Q4 FY26. |
| Demand visibility | Strong; cumulative connections reached 3.24mn households and 1.31mn vehicles. |
| Management confidence | High on infrastructure exclusivity and secured gas availability. |
Growth
Q1 FY27 PAT fell 39.39% YoY to ₹193.70 Cr. EBITDA margins compressed to 14.46% from 24.06% YoY.
Outlook
Expanding into new GAs (Ratnagiri, Latur, Karnataka). RoE for FY26 reported at 13.76%.
Risks
Rising gas costs (up 23.75% YoY per SCM) and competitive pricing pressures from alternate fuels.
Last quarter's promises, checked
Delivered
- Guided double-digit volume growth → delivered 10.1% YoY (= BEAT)
- Guided FY27 Capex ~₹1,200 Cr → delivered infrastructure expansion on track (= BEAT)
- Guided >10% volume contribution from DPNG → delivered 12% growth (= BEAT)
Partly delivered
- Guided 4-5 lakh DPNG additions → delivered cumulative 3.24mn households (= PARTIAL)
Missed
- Guided >INR 8 EBITDA/SCM for FY27 → delivered INR 7.92/SCM (= MISS)
Investor Presentation filed with NSE, 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Mahanagar Gas Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.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.