Mahanagar Gas Limited (MGL) announced its Q2 FY26 results, revealing a dip in net profit despite a revenue increase. Net profit after tax decreased to ₹191.25 Crore. The company cites changes to trade discounts for Oil Marketing Companies (OMCs) as a contributing factor. Overall volumes increased by 4.27% compared to the previous quarter, and the company continues to focus on expanding its natural gas infrastructure.
Financial Performance
Mahanagar Gas Limited (MGL) has announced its financial results for Q2 FY26 (July-September 2025). The company reported a total revenue from operations of ₹2,049.33 Crore. However, the Net Profit after Tax decreased to ₹191.25 Crore, resulting in diluted earnings per share (EPS) of ₹19.58.
Volume Growth & Operational Data
The total volumes for the quarter were 422.59 SCM Million. There has been an overall increase in total volumes of 4.27% from the previous quarter (Q1 FY26). CNG volumes increased by 3.31% and PNG total volumes increased by 6.68%.
Key Expenses
Key expenses for the quarter included: Cost of Materials Consumed, totaling ₹1,455.29 Crore, Employee Benefits Expense of ₹48.88 Crore, and Depreciation and Amortization Expenses of ₹103.98 Crore.
Other Key Highlights
During the quarter, there was an increase in other current liabilities and a decrease in trade payables.
Legal Matters
MGL has deposited ₹50 Crore with GAIL as directed by the Hon’ble High Court of Delhi in connection with a transportation tariff dispute. The next hearing is scheduled for February 25, 2026.
Amalgamation of Unison Enviro Private Limited (UEPL)
The scheme of Amalgamation of UEPL, a wholly-owned subsidiary, with MGL has been completed with effect from February 01, 2024, and the results have been accounted for in these financial statements.
Source: BSE
