| Revenue growth | Q2 +23.8% YoY; H1 +18.8% YoY |
|---|---|
| Margins | EBITDA margin 12.01% vs 16.49% YoY; 14.46% in Q1 |
| Demand visibility | CNG volume 3.552 MMSCMD vs 3.255 YoY |
Growth
Q2 revenue +23.8% YoY; gross profit flat at ₹627 Cr. EBITDA -9.8% to ₹305 Cr; PAT -29.1% to ₹137 Cr.
Outlook
No explicit FY27 guidance given. CWIP rose to ₹1,438 Cr from ₹1,259 Cr since March 2026.
Risks
Gas cost ₹42.34/SCM (vs ₹33.65 YoY) compressed EBITDA/SCM to ₹6.77 from ₹8.00. Competitive and regulatory pressures flagged.
Investor Presentation filed with NSE, NSE: MGL. Summary written with AI assistance from the document.
Mahanagar Gas Ltd: key numbers
- Share price
- ₹1,059.70
- Market cap
- ₹10,467 Cr
- Revenue (annual)
- ₹8,246 Cr
- Net profit (annual)
- ₹841.2 Cr
- P/E (TTM)
- 15.9×Sector 21.3×
- 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 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Mahanagar Gas Limited has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.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.
Mahanagar Gas Other Announcement
Mahanagar Gas Ltd filed its quarterly shareholding pattern report for the period ending September 30, 2026, as required by SEBI regulations.