MGL Mahanagar Gas Q3 FY26 results (Oct–Dec 2025) and concall
Mahanagar Gas reported a strong Q3 FY26 with overall sales volume growing 7.19% YoY to 4.62 MMSCMD, and sequential improvements in EBITDA and PAT. The company declared an interim dividend of INR 12 per share. While infrastructure expansion continues, Mumbai's CNG growth faces headwinds from BEST fleet reduction and land availability. Management is actively managing gas sourcing to optimize costs amidst Henry Hub volatility and reassessing its battery cell project due to market changes.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
What they filed
Q3 FY26: revenue up 17.1%, net profit down 10.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,786 | 1,758 | 1,963 | 2,081 | 2,049 +15% | 2,058 +17% |
| EBITDA | 413 | 314 | 395 | 501 | 338 −18% | 352 +12% |
| Net profit | 287 | 225 | 242 | 320 | 193 −33% | 202 −10% |
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.
