Disclosure Context

Mahanagar Gas Limited (MGL) submitted an investor presentation to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation was for the earnings conference call with investors and analysts scheduled for July 31, 2026, covering unaudited standalone and consolidated financial results and operational performance for the quarter ended June 30, 2026 (Q1 FY27). The document was signed by Atul Prabhu, Company Secretary & Compliance Officer, and dated July 31, 2026.

Financial Performance Highlights (Q1 FY27 vs Comparative Periods)

Revenue: ₹2,371.71 crore, representing 13.95% year-over-year (YoY) growth from Q1 FY26 (₹2,081.38 crore) and 15.62% quarter-over-quarter (QoQ) growth from Q4 FY26 (₹2,051.22 crore). The note clarifies that Q1 FY26 revenue included reversal of OMC Trade Margin provided earlier.

Gross Profit: ₹639.24 crore, showing a 17.16% YoY decline from Q1 FY26 (₹771.67 crore) but a 12.10% QoQ increase from Q4 FY26 (₹570.24 crore).

EBITDA: ₹342.98 crore, representing a 31.50% YoY decline from Q1 FY26 (₹500.71 crore) and a 31.74% QoQ increase from Q4 FY26 (₹260.34 crore).

EBITDA Margins: 14.46% for Q1 FY27, compared to 24.06% in Q1 FY26 and 12.69% in Q4 FY26.

Profit Before Tax (PBT): ₹259.07 crore, showing a 40.06% YoY decline from Q1 FY26 (₹432.22 crore) and a 45.15% QoQ increase from Q4 FY26 (₹178.48 crore).

Profit After Tax (PAT): ₹193.70 crore, representing a 39.39% YoY decline from Q1 FY26 (₹319.56 crore) and a 46.83% QoQ increase from Q4 FY26 (₹131.92 crore).

Earnings Per Share (Basic and Diluted): ₹19.61 for Q1 FY27, compared to ₹32.35 in Q1 FY26 and ₹13.35 in Q4 FY26. The EPS is noted as not annualized for interim periods.

Balance Sheet Position (as of June 30, 2026)

Total Assets: ₹8,965 crore

Non-Current Assets: ₹7,134 crore, comprising:

  • Property, Plant and Equipment: ₹4,674 crore
  • Capital Work-in-Progress: ₹1,259 crore
  • Right of Use Assets: ₹292 crore
  • Goodwill: ₹11 crore
  • Intangible Assets: ₹396 crore
  • Financial Assets: ₹242 crore
  • Other Non-current Assets: ₹260 crore

Current Assets: ₹1,831 crore, comprising:

  • Inventories: ₹63 crore
  • Investments: ₹1,036 crore
  • Trade Receivables: ₹458 crore
  • Cash and Cash Equivalents: ₹57 crore
  • Bank balances other than cash equivalents: ₹57 crore
  • Other Financial Assets: ₹132 crore
  • Other current assets: ₹28 crore

Total Equity and Liabilities: ₹8,965 crore

Equity: ₹6,434 crore, comprising:

  • Equity Share Capital: ₹99 crore
  • Other Equity: ₹6,335 crore

Liabilities: ₹2,531 crore, comprising:

  • Non-current Liabilities: ₹576 crore
  • Lease Liabilities: ₹137 crore
  • Other Financial Liabilities: ₹2 crore
  • Provisions: ₹63 crore
  • Deferred Tax Liabilities (net): ₹374 crore
  • Current Liabilities: ₹1,955 crore
  • Lease Liabilities: ₹81 crore
  • Trade Payables: ₹476 crore
  • Other Financial Liabilities: ₹1,311 crore
  • Other Current Liabilities: ₹63 crore
  • Provisions: ₹23 crore
  • Income Tax Liabilities (net): ₹1 crore

The comparative financial information for FY 2024-25 has been restated to give effect to the amalgamation between MGL and erstwhile UEPL, with appointed date being February 1, 2024.

Operational Metrics

Sales Volume: 3.01 MMSCMD for Q1 FY27, showing 4.6% growth from Q1 FY26 (2.88 MMSCMD) and 1.3% growth from Q4 FY26 (2.97 MMSCMD).

CNG Stations: 3,457 stations as of Q1 FY27, compared to 3,387 stations in Q1 FY26.

Pipeline Network: Cumulative 8,477 km (Steel: 752 km, PE: 7,725 km).

Industrial & Commercial Customers: Numbers not quantified in current period but historical data shows 3,457 vs 3,387 in previous year.

Business Overview and Strategy

Areas of Operation: MGL operates in specified geographical areas though exact territories are not detailed in this presentation.

Sourcing Strategy: Sales volume composition for Q1 FY27 shows:

  • Priority Segment (CNG and D-PNG) forms majority of sales
  • Gas for D-PNG: 100% APM allocation available
  • Gas for CNG: Partially from APM and NWG allocation, balance from market determined price (Term & SPOT)
  • Non-Priority Segment (I&C): Market determined price (Term & SPOT)

Fuel Economics: The presentation highlights attractive economics of CNG/PNG including price advantage over alternative liquid fuels, higher fuel efficiency, and lower payback period for vehicles. Specific comparisons show CNG price competitiveness and commercial PNG being favorably priced versus alternate fuels.

Shareholding and Capitalization

Market Capitalization: ₹9,504 crore as presented.

Dividend: Final dividend of ₹18 per share declared by the Board, subject to shareholders' approval at AGM.

Forward-Looking Statements

The presentation contains safe harbor language noting that it may contain forward-looking statements reflecting management's current views and estimates. Potential risks and uncertainties include general economic conditions, competitive product and pricing pressures, and regulatory developments.

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