Mahanagar Gas Q1 FY27 results (Apr–Jun 2026) and concall

Oil, Gas & Consumable Fuels · Concall AI · Call held 7 Aug 2026

Company page: Mahanagar Gas share price, financials & guidance record

Mahanagar Gas Limited delivered robust financial performance in Q1 FY27, with significant growth in sales volumes, EBITDA, and net profit, primarily driven by CNG and domestic PNG segments. The company continued its aggressive infrastructure expansion, adding nearly 100,000 DPNG connections. However, the industrial and commercial segment faced volume curtailment due to gas allocation cuts, and geopolitical tensions are causing supply uncertainty and price volatility, which is expected to pressure margins in the near term.

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What they filed

Q1 FY27: revenue up 14.0%, net profit down 39.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	1,786	1,758	1,963	2,081	2,049 +15%	2,058 +17%	2,051 +4%	2,372 +14%
Expenses	1,373	1,443	1,568	1,581	1,711	1,706	1,791	2,029
EBITDA	413	314	395	501	338 −18%	352 +12%	260 −34%	343 −32%
Margin	23%	18%	20%	24%	16%	17%	13%	14%
Other income	47	46	42	32	29	29	29	30
Interest	3	3	4	4	5	6	5	6
Depreciation	84	79	95	96	104	103	106	109
Profit before tax	373	278	338	432	258 −31%	272 −2%	178 −47%	259 −40%
Tax rate	23%	19%	28%	26%	25%	26%	26%	25%
Net profit	287	225	242	320	193 −33%	202 −10%	132 −45%	194 −39%
EPS	29.03	22.82	24.53	32.35	19.58	20.45	13.36	19.61

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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