Mahanagar Gas Limited (MGL) has released its financial results for the fiscal year ended March 31, 2026. The company reported a total annual revenue of ₹9,059.77 crore and a net profit of ₹846.82 crore. Consequently, the Board of Directors has recommended a final dividend of ₹18 per share, bringing the total dividend for the financial year to ₹30 per equity share, subject to approval by shareholders at the upcoming Annual General Meeting.
Financial Performance for FY2026
MGL demonstrated robust operational scale during the year, achieving a consolidated revenue from operations of ₹9,065.26 crore. Despite a challenging environment, the company maintained steady sales volumes, totaling 1,673.43 million SCM for the standalone business. The consolidated net profit for the year stood at ₹840.55 crore, reflecting the company’s ability to manage costs effectively while serving its expanding customer base.
Dividend Payout
Following the strong performance for the financial year, the Board of Directors has proposed a final dividend of ₹18 per equity share (face value of ₹10 each). When combined with the interim dividend of ₹12 per share already declared in February 2026, the total dividend payout for the year amounts to ₹30 per equity share. This proposal is pending approval from shareholders at the next Annual General Meeting and, if authorized, will result in a total cash outflow of approximately ₹177.80 crore.
Operational Highlights and Business Updates
The company continues to focus on the distribution of natural gas across its operational regions. During the year, MGL successfully completed the amalgamation of Unison Enviro Private Limited, which has now been integrated into its consolidated operations. Additionally, the company is actively monitoring the implementation of new labor codes, which resulted in a one-time increase in gratuity liability of ₹8.52 crore during the current fiscal year. Management remains confident in its long-term growth strategy and continues to uphold its legal position regarding various ongoing tax and tariff litigations.
Source: BSE
