Mahanagar Gas Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Mahanagar Gas reported Q1 FY27 EBITDA of Rs 343 crore, up 31.74% from the previous quarter, and net profit after tax of Rs 194 crore, up 46.83% quarter-on-quarter. Management attributed the improvement to higher realizations in the industrial and commercial segment linked to elevated Brent prices, even as overall sales volume grew 7.01% year-on-year to 4.766 mmscmd amid gas supply curtailments tied to the West Asia conflict. The company also highlighted continued network expansion, including 97,461 DPNG conversions and 156.57 km of pipeline laid during the quarter.
Mahanagar Gas reported Q4 FY26 net profit after tax of Rs 132 crore, down from Rs 202 crore in the previous quarter, with full-year FY26 EBITDA of Rs 1,451 crore and net profit of Rs 847 crore versus Rs 1,570 crore and Rs 1,041 crore respectively in FY25. Management described supply disruptions from the Iran and Gulf region geopolitical crisis that curtailed gas to industrial and commercial customers by around 20%, while domestic PNG and most CNG requirements remained supported by domestically produced gas. The company added CNG stations, industrial and commercial customers, and domestic household connections during the quarter and year, and the Board approved a final dividend of Rs 18 per share, taking total FY26 dividend to Rs 30 per share.